Wednesday, November 28, 2007

Abu Dhabi...Suckers?

The government of Abu Dhabi has finally decided what it wants in return for all that oil it sent to us in recent times. Strangely, what it wants is something highly intangible - Bob Rubin's skills at running a bank. At the time they sent us all this wonderful oil - that heats/cools our homes and allows us to travel comfortably and cheaply, among many other enjoyable uses - they weren't fully decided on what they wanted in return. We offered them airplanes, food, computers, and cars, but they took an IOU instead. Well, yesterday they cashed in that IOU for Bob Rubin's management acumen. Others seem to be quibbling over the amount of oil we got for our Bob Rubin, saying we took too little oil given the amount of Bob we are handing over. On whole though I think it is a pretty good trade, that oil kept me toasty warm last night and is going to get the entire Baseball clan to the in-laws' for Christmas. It is as yet unclear what Bob Rubin will do for the government of Abu Dhabi and, in the long run, it could be not much at all.

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