The Financial Times reports today that “Opec nations earned as much in the first half of this year as they did in the whole of 2007 – thanks both to record oil prices and record production – triggering a big increase in its spending.”
The question is, what are they spending it on?
One answer came in yesterday’s Sunday Times.
So, London based financial interests artificially drive up the price of oil, their friends in Saudi make pots of money, and in return, London based defense companies get lovely big contracts, safe in the knowledge there’ll be no corruption inquiry.
I’m sure there’s nothing to worry about here. Move along, now.