<Italy like Ryanair: can it exist with oil over $ 100 per barrel? The Oil Drum DrumBeat: August 15, 2008>

178 comments on Geopolitical Disruptions #1: Theory of Disruptions to Oil & Resource Supply

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BillJames on August 14, 2008 - 9:50am Permalink | Subthread | Comments top

Debt is a bomb. We can have a Bear Stearns event that ends US ability to borrow to buy oil. That would cut access to oil by 70% overnight.

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SamuM on August 14, 2008 - 2:47pm Permalink | Subthread | Parent | Comments top

What Debt?

You mean like this:

US Debt vs gdp

Based on mortgages of inflated house values which have gone up like this:

US household values (inflation adjusted)

Surely there is no need to be worried :)

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css1971 on August 15, 2008 - 4:05am Permalink | Subthread | Parent | Comments top

We can have a Bear Stearns event that ends US ability to borrow to buy oil.

Actually no, you can't. You see, the US is in the unique position that oil is priced and sold in US dollars. While the Saudis continue to insist on this, there is no way that US access to oil will be compromised.

You may now understand why US politicians are particularly fond of the Saudi royal family, and it may perhaps go somewhat towards explaining why 15 of the 19 9/11 terrorists were Saudi.

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neal on August 15, 2008 - 4:32am Permalink | Subthread | Parent | Comments top

There were alot more than 19 terrorists involved in 9/11 and they were mostly not Saudi (unless Cheney is an old Arab name?)

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178 comments on Geopolitical Disruptions #1: Theory of Disruptions to Oil & Resource Supply

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