Comments on: OPEC: A DOUBLE-EDGED SWORD? http://www.citizeneconomists.com/blogs/2008/12/17/opec-a-double-edged-sword/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dan McLaughlin http://www.citizeneconomists.com/blogs/2008/12/17/opec-a-double-edged-sword/comment-page-1/#comment-4141 Dan McLaughlin Fri, 19 Dec 2008 15:07:05 +0000 http://citizeneconomists.com/blogs/?p=415#comment-4141 Great insights, thanks Great insights, thanks

]]> By: Raymond http://www.citizeneconomists.com/blogs/2008/12/17/opec-a-double-edged-sword/comment-page-1/#comment-4019 Raymond Wed, 17 Dec 2008 17:22:41 +0000 http://citizeneconomists.com/blogs/?p=415#comment-4019 Great article Mr Z. A double-edged sword indeed. OPEC governments use their country's oil resource as a tool for foreign and domestic political leverage. For now. The oil under their feet would have stayed there without western innovations. At some point we will move away from oil dependence. I would not be surprised if our own profit seeking loss avoiding much maligned energy companies take us there. The OPEC economies and their politics have lived by the oil and will die by it. They are the ones in a precarious position. Great article Mr Z. A double-edged sword indeed. OPEC governments use their country’s oil resource as a tool for foreign and domestic political leverage. For now. The oil under their feet would have stayed there without western innovations. At some point we will move away from oil dependence.

I would not be surprised if our own profit seeking loss avoiding much maligned energy companies take us there.

The OPEC economies and their politics have lived by the oil and will die by it. They are the ones in a precarious position.

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