Originally Posted by miro
Screaming bargain. One of the great deals of this decade.
First they bankrupted the west with high oil prices and then they used those profits to buy assets cheaply. The middle-east money conspiracy is one of the most amazing push-pull stories of the modern era.
First they did not bankrupt the West or anywhere else. The collapse of banking in the West was due to govts allowing an absurd property bubble to continue unchecked.
And whether or not the assets they have bought were 'cheap' ot not will take some long while to be sure about IMO.
As for the huge spike in oil prices that was, of course, caused by supply and demand with much of the demand coming from speculators.