Friday, September 14, 2007

Failed Suicide Bomber Fights Al Qaeda Recruiters

In Saudi Arabia.


John Burgess said...

Except for the fact that Robin Williams never uttered such a plan, and the fact that the 'plan' shows utter ignorance about economics, maybe it might work!

Offering to pay a fixed price for a product only works when there's no one willing to pay more. Right now, the US imports most of its oil from Canada and Mexico, with Saudi Arabia coming in a distant third, representing something on the order of 12% of US oil imports.

The rise in oil prices is driven primarily by demands from China and India. They're willing to pay the going rate. Offering to pay $10 will only mean that there'll be no one willing to sell it at that price. Sort of scotches the plan.

Anonymous said...