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Wednesday, October 15th 2008, 6:39pm
Oil bank - energy security or price control
Small piece of news about Chavez. But can be a big impact.
May not happen too soon. The Dow Jones is falling badly today. Can see the wrinkles on the foreheads of the Opec's leaders.
Some middle eastern countries have been overspending on infrastructure hoping to make the land green and lavish (very artificial) and attract the world's rich to live in the Middle East
Even if this dream starts materialising, will there be sufficient inflow if people and sufficient funding generated to maintain the fancy and extravagant mega projects? Will the Middle East see a real crunch? Maybe we look at this one year from now?
May not happen too soon. The Dow Jones is falling badly today. Can see the wrinkles on the foreheads of the Opec's leaders.
Some middle eastern countries have been overspending on infrastructure hoping to make the land green and lavish (very artificial) and attract the world's rich to live in the Middle East
Even if this dream starts materialising, will there be sufficient inflow if people and sufficient funding generated to maintain the fancy and extravagant mega projects? Will the Middle East see a real crunch? Maybe we look at this one year from now?
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