Impredicative Junkyard

Wednesday, August 11, 2004

The global oil crisis of the 1970s was only possible because Saudi Arabia and Iran, the two greatest oil producers in the world, teamed up to enforce their mutual colossal energy clout.

The 1979 Iranian Revolution had the paradoxical effect of ensuring 20 years of global economic growth based on cheap oil supplies because the new Iranian rulers were so hostile to the Saudis.

But now, for the first time in almost a quarter of a century, Saudi and Iranian policies are converging again.

¶ 3:42 PM

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naturally impredicative

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Impredicative: Definitions about a set which depend on the entire set.

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