End the Blackmail of the Strong by the Weak
Henry A. Kissinger & Martin Feldstein | September 17, 2008
Oil prices have tripled in the last seven years and if they continue to rise, it may have profound political consequences. ++ Oil-consuming nations shouldn’t become hostages of the oil-producing countries – they must “end the blackmail of the strong by the weak.” ++ Reducing the price of oil by eliminating the speculative pressures behind price rises must be the paramount objective of the industrialized nations. ++ The G8, China, Brazil and India must coordinate their actions and shift the long-term supply and demand trends in their favor.
