Thursday, August 03, 2006

[oil and gas] from australia to russia – oil is the key

Douglas Adams, in Dirk Gently’s Holistic Detective Agency, wrote of the fundamental interconnectedness of all things. So what possible connection could there be between today’s interest rate crisis in Canberra and Turkmenistan’s oil outlet dilemma?

Indirectly, a lot.

The Australian Reserve Bank decision to raise interest rates a quarter percentage point today is extremely damaging in the public perception and the average Australian's panic, more common ... read and comment here.

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