Oil Exporters and US Beware: Writing Is on the Wall

Hossein Askari writes: "It is time to beat the drums for change. First, the US must let countries, notably Iraq, control their own energy reserves. Second, international institutions and other credible experts must persuade rulers in oil-exporting countries to take a hands-off approach and assign oil revenues to their people. Taking oil revenues away from rulers and governments of oil-exporting countries would certainly be painful for those in power, but the time has come to undertake this effort for the sake of equity, fairness and global peace."
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