Great Article : Genius Idea of the week
This article states that Chavez wants to cut off oil deliveries to the US because he is pissed that that some capitalists (Exxon Mobil) had his assets frozen in a dispute over his freezing the assets of capitalists. The funny part is, that if Chavez succeeds in cutting off enough oil to actually cause a disruption in supply (not likely thanks to commodities markets), oil prices will sky rocket. This price increase, will then likely significantly increase Exxon Mobil's profits. That 'll Show em.
Labels: economics, great article
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