corner.nationalreview.com - 12/18/2008
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Iain -- Venezuela, Iran, and Russia are indeed being hard hit by falling oil prices and that is good -- the less discretionary income they have to spend on terrorism and other mischief, the better. So let's consider what we can do to keep prices lower, longer.
I'm not proposing we ...
breitbart.com - 12/18/2008
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breitbart.com —
Oil prices tumbled below $40 for the first
time since the summer of 2004 Wednesday despite an...
announcement from OPEC of a record production cut of 2.2 million barrels a day. Markets had already priced in a vastly reduced flow of oil and traders ...
(more)
Oil tumbles below $40 for first time since 2004
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Oil And Iran
JustOneMinute —
... !) At current prices, folks still reeling from the $4/gallon prices of last summer would find the sticker shock of, for example, a $0.50 per gallon tax to be tolerable (IMHO), if offset with tax cuts elsewhere. However, such a tax would be one more factor reducing oil demand and sticking it to the mullahs .
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