Sunday, November 11, 2007

Oil and OPEC

"For one, basically all of the OPEC countries are in rare agreement that they are not to blame for the recent price spike. ... The issue, OPEC argues, is not too little oil on the market. It's speculators, the falling dollar, and logistical bottlenecks in the supply chain that are jacking up the price", WSJ, 10 November.

These must be the end times in which, "The wolf will lie with the lamb", Isaiah 11:6. That OPEC lies down with me is a similar portent . I agree with two of OPEC's three "issues", the falling dollar and supply bottlenecks.

No comments: