Wednesday, March 05, 2008

Oil Money

In this sky-rocketing oil prices, where does oil money go?

Russia comebacks to the playing-table between the top countries based on oil money. Some countries --like Saudi Arabia, Kuwait, Qatar and United Arab Emirated-- are flooded by it. It had made ADIA (Abu Dhabi Investment Authority) the wealthest SWF (Sovereign Wealth Fund) in the world.

Same story happens to Norway, Alaska, Iran, Venezuela. They've reach tons of oil money emerging as new influencing economic players.

What about Indonesia? Oil prices at average $ 100 in the market have required revision of country's budget and very strict treatment to maintain economic stability.

Oil money has made some countries happy but the others little bit panic.

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