The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Tuesday, March 8, 2011

Will oil prices start to turn if Gadhafi does a deal and the US releases SR?

Is this another false dawn, with the risk that Saudi starts blowing up during the "day of rage", or will the wealth transfers from the developed world to second world dictatorships (Saudi, Iran, Russia, Venezuela, Kuwait, Libya, UAE, Jordan etc) finally stop? For that matter, democracy seems to be mutually exclusive with vast oil wealth as a share of national output, save, perhaps, for a few exceptions (eg, Norway).