Vladamir Putin, Mahmoud Ahmadinejad, and Hugo Chavez are powerful world leaders. But they sit on top of economies fueled by petrodollars. If there is one thing positive that may come from this "Great Disruption" it is that the economies of Russia, Iran, and Venezuela are suffering significant budgetary shortfalls - and these world leaders now have problems to tend to with their constituencies.
A great Wall Street Journal op-ed piece is here.
Tuesday, December 30, 2008
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