Wednesday, December 03, 2008

Oil to drop to $30 a barrel?

It's unfortunate that things will get tougher for the average Iranian - a large number of whom despise the mullahs - but it's impossible to read something like this and not smile a bit.
Iranian President Mahmoud Ahmadinejad is acknowledging publicly for the first time that tumbling oil prices are gouging the country's fragile economy.

[ ... ]

Wednesday's report quoted Ahmadinejad as saying the government budget would have to be readjusted to base it on an oil price of around $30 a barrel.
Damn those evil market speculators!

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