The Washington Post has an excellent article on the effects rising oil prices are having around the globe. There are winners and losers, but the winners are not necessarily the people who inhabit the oil-exporting countries. The residents of Chad for example see little of the wealth their oil has generated. Most of the oil revenue is going to buy weapons. Other winners are nations we wish weren't winning - Venezuela, Iran, Russia. One winner, perhaps surprisingly, is Alaska.
Losers include almost all third world oil importers plus China, South Korea, Japan, etc.
One country the article doesn't mention is Mexico which has a lot of oil. Evidently the revenues they're accruing from this blessing are not finding their way down to the poorest Mexicans, otherwise why would they risk the ordeal of a border crossing to come here to do stoop labor for a few dollars a day? Apparently, the Mexican government is getting rich while their poor throw themselves on the mercies of the American taxpayer.
Anyway, check out the Post article. It's an education.
RLC
