The Phaserl


Petro-Dictators Hurting From Falling Oil Prices

from Western Journalism:

A dictatorship has no ideology; it only has personality. And if the strongman is lucky, he has a lot of oil reserves and the technology to harvest them.

This has been the case in Russia, Venezuela, and other regimes for some time now. The hydrocarbon flow financed keeping the people happy, buying them lots of free stuff. But oh ain’t karma a…well…you know.

Now oil is falling in spite of the communist Left attempts to stop hydrocarbon production in the United States. America is now the world’s leading producer of natural gas (and soon to be the leading producer of crude oil.) We are exporting.

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