Continuing the analyis on oil, which seems to be the hot topic of the world today, I thought of an old story of the farmer and the hen who laid golden eggs. The farmer got greedy and wanted to become rich overnight. He wanted all the gold eggs in one day. So as the story goes, he killed the hen and found that there is only one golden egg. The moral of the story - do not kill the customer on whom your existence depends.
It applies to oil as well. The farmer in this case are the OPEC countries ( Saudi, Iraq etc), the hen, no doubt is the US. High oil prices will kill the US, as recession steps in. So the farmer will also perish then.
The 'farmers' of the world know this very well. They will ensure prices comes down, so that they have jolly good lives, as well ...till eternity I suppose!!!
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Saturday, June 14, 2008
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