Saturday, November 15, 2008

Is This The Next Beneficiary Of A Bailout Package?

We as consumers are loving the huge drop in fuel prices but it is not as popular in some quarters. The countries of OPEC are losing a lot of money right now. They are starting to panic and have been meeting to discuss cutting production for the second time in the last couple of weeks to attempt to drive up prices. Things have gotten so bad there are rumors that Iran may have to halt it's nuclear weapons, oops I mean it's strictly for peaceful purposes only, plan.



Article on OPEC meeting here.



So the question is, is this the destination of our next bailout package? It's easy to get accusatory and say that Barack Obama will help out his terrorists friends in the Middle East, and I think he will. The truth is though, I wouldn't put it past Bush at this point to beat him to it. These days one can never be certain what the Hell Bush is going to do. The latest is that he is considering bailing out the big three automakers.



Don't for a minute think we will not do this either, we send a lot of foreign aide to the Middle East.



So after spending the summer being hosed at the gas pump to make these people rich, my bet is now that they can't get as the pump, they will just get their money the old fashioned way. Have their bought and paid for politicians in America send them the money.

1 comment:

MK said...

Wouldn't put it past governments. One thing's for sure, those that need it the most, will get the least and last. Those that caused the mess and deserve the least will get it the first.

On the other hand, the obots can't cry foul, Obama did say he'd spread the wealth around, he just didn't say where he'd stop the spread at.