Wednesday, December 17, 2008

It Couldn't Happen To A Nicer Bunch of Guys

Impoverished OPEC ministers met today and agreed to an unprecedented cut in oil production, a cut they deemed necessary to stabilize world oil prices that have dropped over $100 per barrel since a $147 per barrel peak was reached earlier this year.

To see these corrupt dictatorships struggle is a great spectator sport. Having squandered their billions on political favors, extravagant palaces, and on exporting funds to encourage the growth of Islam, many OPEC members are no longer sitting on huge piles of cash. Every dollar that a barrel of oil falls in price will cost these nations millions. Sadly for these countries, every barrel they do not produce also reduces their revenues, which is why most analysts doubt that all those who pledge to cut production in solidarity will actually adhere to the allotments.

The natives are already restless in Iran and Venezuela and time may soon run out on a couple of tin pot dictators.

Mired in a recession, it truly is nice to finally find something to smile about.

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