[tokyo_to_motueka]

I would absolutely recommend this commentary from Morgan Stanley's chief economist:

Stephen Roach: The Pendulum of Global Leadership
Note: This link is broken. Available by googling.

He doesn't mention oil at all, but his insights are very interesting and i think his grasp of the historical perspective is way ahead of most other economists.

The key quotes (IMO):$this->bbcode_second_pass_quote('', 'T')here can be no mistaking the warning from this metric: America's net national saving rate -- the combined saving of households, businesses, and the government sector (adjusted for depreciation) -- has averaged a record low of just 1.5% of GDP since early 2002. That's far short of the post-World War II (1947 to 2003) average of 7.8% and well below the 5% level prevailing in 1987...

[maverickdoc]

Good to see you are becoming a regular tokyo_to_motueka

The reason America save so little is because Japan and others lend America every thing it need at a next to nothing. All be it to buy Japanese /Chinese good but also to finance the military

[maverickdoc]

tokyo_to_motueka what do you think of the "Iranian Oil Bourse" thread? Since you have sharp eye on currency matters.

you might also want to check out this article if you did not already

http://www.ratical.org/ratville/CAH/RRiraqWar.html

[tokyo_to_motueka]

$this->bbcode_second_pass_quote('maverickdoc', 'G')ood to see you are becoming a regular tokyo_to_motueka

[tokyo_to_motueka]

$this->bbcode_second_pass_quote('maverickdoc', 't')okyo_to_motueka what do you think of the "Iranian Oil Bourse" thread? Since you have sharp eye on currency matters. you might also want to check out this article if you did not already link