petro-authoritarianism

THOMAS L. FRIEDMAN, New York Times: Imbalances of Power:

"If this huge transfer of wealth to the petro-authoritarians continues, power will follow. According to Congressional testimony Wednesday by the energy expert Gal Luft, with oil at $200 a barrel, OPEC could "potentially buy Bank of America in one month worth of production, Apple computers in a week and General Motors in just three days."

Friedman makes many good points and he is the only one who beats the drum of alarm about the "petro-authoritarian states — from Russia to Venezuela to Iran". Yet he is still a commie because of his visceral conviction that the command for change must come from the top.