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oil = $100/bl


Posted by Were DOOMED I tell ye on January 03, 2008 at 23:27:37:

In Reply to: re: a catlebar taoiseach in 2008 posted by Jackobite on January 03, 2008 at 18:06:04:

You could be right look at the Governments of 1973-77 and 1982-87 both brought down by problems which were mainly not of their making. A world recession arising from oil price shocks did it in the seventies and the insane economic policies of their predecessors in the eighties.

With the $100 dollar barrel of oil (something we are not even experiencing the full effect of with the dollar in the toilet right now) 2008 wont be a good year to be in Government especially when the central banks put up interest rates in a futile attempt to curb runaway inflation.

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