national control of ever more scarce resources is a pretty darn big club

I’m gonna be smart and let Buddy et al handle the economics if they so decide but my guess is that reducing production of nationalized oil markets to stabilize price will experience fall in price – counter intuitive if you live in the last century but eminently sensible if you factor in the future value of current technology now under development. This technology will be exported faster than you can so solar nanotech and it will happen rapidly. Everywhere except Russia where capital is not feeding economic growth, as noted earlier by others.

I still think this was a bad play on the part of Russia – reflects the thinking of the last century. Not to mention the other theme that seems to have been dropped – the planned aspect that is being revisited at Elephant Bar. Lots of convenient outcomes.

Not for all Georgians.

The average American lacks global street cred. I think that is one of the reasons the left-leaning media has been so successful. Inquiring Minds Want to be Told.