<The Permanent Oil Crisis Conference in Amsterdam, January 21 & 22, 2009 The Oil Drum DrumBeat: October 27, 2008>

137 comments on Oil Prices - A Little More of the Story

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mcgowanmc on October 26, 2008 - 11:19am Permalink | Subthread | Parent | Comments top

Dar,

You need to really point out where I've been fundamentally wrong since Katrina.

Let's move to the strategic. Answer me this.

Do you really think that the US is not the Greatest Empire the World has ever known?

"And they did not "trade away" Iceland to help pay its debts?"

And you need to get that sentence correct.
Like this:

Iceland was abandoned bt the NATO countries when it defaulted.
Russia stepped in with the loan. Only then did the IMF(US out of $$$)
step in.

"How much do you think they got for Iceland anyway?"

The US "got" the ability to keep what it already had. How much for Taiwan? How about we get to keep one of our vehicle manufacturers.

China's not interested in destroying our military. They want to own it.

Note how no one's talking about china defaulting on anything.

I think I noted that NATO was a shell corp for the holdings in it's sphere of influence. Japan would be our "shell" in Asia.
But they want to own us too BTW.

"Iceland is STILL a member of NATO." We'll see. Hungary/the Ukraine
default in the next week or so.

We still haven't understod how costly our Georgian Fiasco of 080808
was.

NATO or gas. Pick One. Before Winter.

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FrankRichards on October 26, 2008 - 11:38am Permalink | Subthread | Parent | Comments top

Except the Russian loan did not or at least has not yet happened. Iceland has gotten money from Norway and the IMF and I believe that they're talking to Sweden.

The deal was never actually announced, only that the two countries were discussing it. I can think of many reasons for Putin to decide the deal wasn't worth it. Iceland's finances were likely worse than he was led to believe, he's spent several tens of billions recently propping up his own economy, and it was a Naval _Air_ base whereas a naval _ship_ base would be much better for him, but he'd have to spend serious cash to build it.

BTW I'm not claiming that the Russian economy is about to tank or any such. He has still spent much more propping it up than was ever discussed for Iceland.

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mcgowanmc on October 27, 2008 - 8:34am Permalink | Subthread | Parent | Comments top

Hello Richard,

Nebulous describes it. We're only seeing the smoke.

Russia and the US should be in alliance.

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137 comments on Oil Prices - A Little More of the Story

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