- Reaction score
- 64
- Points
- 530
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/23/AR2005062301896.html
This was an interesting exercise which unforunately was flawed. The exercise required internal strife in Nigeria and attacks upon US infrastructure to create the dynamics for an economic meltdown. Many of us could create a much more realistic
scenario. The bottom line though is that no matter what factors trigger a world wide oil price shock countries like China would be catastrophically affected. The west can pay increased oil prices [not without an economic hit] , the developing world could not.
This was an interesting exercise which unforunately was flawed. The exercise required internal strife in Nigeria and attacks upon US infrastructure to create the dynamics for an economic meltdown. Many of us could create a much more realistic
scenario. The bottom line though is that no matter what factors trigger a world wide oil price shock countries like China would be catastrophically affected. The west can pay increased oil prices [not without an economic hit] , the developing world could not.