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Most oil producers are net savers when oil prices are high. That's one theory behind the mortgage/LBO boom: that Russia and China and Saudi Arabia are desperate
by byrneseyeview 19y ago
Most oil producers are net savers when oil prices are high. That's one theory behind the mortgage/LBO boom: that Russia and China and Saudi Arabia are desperate to invest their money, so the end up investing it in incredibly stupid ventures in the US.