The Oil Drum

116 comments on DrumBeat: September 26, 2007

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BrianT on September 26, 2007 - 9:35am

I wouldn't laugh too loud. Internal subsidy is only part of the story-exporting countries' economies improve as oil prices rise-this improvement in the economy generates internal demand even without subsidy.

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Sunspot on September 26, 2007 - 11:48am

I'd add that at these high prices, which aren't going away, oil exporting countries are making boatloads of money, creating an expanding class of people who will be able to afford FFs regardless of subsidies. As with everyone else, it's supply that's the most important, and gov'ts that try to restrict supply to their own people to maintain the revenue stream from exports risk internal strife.

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Peak Oil Primers

“If kindness and comfort are, as I suspect, the results of an energy surplus, then, as the supply contracts, we could be expected to start fighting once again like cats in a sack.”

—George Monbiot