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Reply #3: Sovereign funds [View All]

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spag68 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:19 PM
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3. Sovereign funds
It would be foolish to think that the Saudis and the Dubai Princes and the rest are not contributing to this oil inflation. However at some point they will get out and someone will be holding the bag. IMHO when this june rolls around and nobody is driving. Somebody is going to be awash in oil. The worst part is that we are letting king george keep buying oil for the "national reserve" that is just plain stupid. I know it is wrong, but I want to tell them,OK now that we don't need your oil nay more, we want $1000 for this bushel of wheat, and also your corn chips are $50 a bag.
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