The views expressed in any article published in this blog are the author's own and do not necessarily reflect the views of Joseph Foster or Bob Lupoli.

Wednesday, March 9, 2011

Russian Oil & Prosperity vs. US Oil

Bob:  Russia has learned from past mistakes of failure under communism, support of Eastern Europe with low subsidized energy prices, expensive foreign aid, etc. All of a sudden they made a dramatic strategic change and are now focused on the prosperity of Russia and its people with a shift to commodities and oil . The opposite has occurred in the U.S. it is gripped with failed policy and its politicians are the servants of special interest groups, it has cut taxes but not its vast expenditure, it supports its deficit by borrowed money, it has for decades refused to fully develop its natural resources namely oil , it waits when it is finally faced with oil crisis and high oil prices to nudge its politicians into action. -Joe

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