Leaders of major economic powers including David Cameron will arrive today at a G8 summit in the USA on the back of promises to help families "struggling with the impact of oil prices." The summit, at the Camp David presidential retreat, will tomorrow discuss a US call for developed economies to release oil from their strategic reserves to try to bring down world oil prices. The White House is arguing that an EU embargo on Iranian oil will soon start to push up prices, a potential threat to Mr Obama's reelection campaign.
"With families across the world struggling with the impact of oil prices and a fragile global economy, we must renew our joint efforts to support growth, financial stability and energy security," Mr Cameron writes in an article published today.
In a newspaper article today, Mr Cameron will hint at plan to deplete oil reserves which will reduce prices temporarily but make the developed nations more vulnerable to oil exporting nations, many of which are hostile to the west, holding us to ransome in future by limiting supplies.
The Prime Minister first discussed the oil plan with mr Obama in March, when he said the idea was "worth looking at". Diplomats said the oil plan will be discussed at Camp David on saturday morning, although no action will be announced this weekend.
Now Little Nicky does not like to pour cold water on good ideas but this is not a good idea. In fact, with oil prices being the biggest issue in the USA at the moment it looks very much like a stitch up to help Obama's re - election bid. So in the end we the people are going to end up paying to get our greatest enemy, thre New World Order's houseboy, the fifth-columnist-in-chief a second term in office.
It is all likely to be in vain however. Though Russia is not a G8 nation Vladimir Putin declined an invitation to a to attend while China has let it be know the USA is no longer the world's most influential economic power (The Cinese government and its banks hold a huge amount of American debt and could reduce the USA to another Greeece tomorrow if they wished,) so things are not looking good for the G8 plan even before it gets off the ground.
The True hockey Stick