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Old June 26th 05, 12:09 AM
Spike
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The comment re OPEC is that OPEC fixes the prices no matter how
available or scarce.



On Sat, 25 Jun 2005 17:08:55 GMT, rw >
wrote:

>Spike wrote:
>> Have you heard of OPEC?

>
>Yes. They're just being good capitalists, trying to get the most money
>they can for their resource.
>
>> And I suppose you have never heard of
>> corporations being sued and beaten for price fixing.....

>
>Not under this administration. Are you suggesting we sue OPEC? Didn't
>GWB say in the campaign that he would use his Saudi connections to
>jawbone OPEC for lower prices? That's worked well, hasn't it?
>
>We've depleted our domestic supplies. Every year we import a larger
>fraction of our oil. The low-hanging fruit has been picked, and new oil
>fields are more and more difficult and expensive to exploit. Countries
>like China have explosively increasing demand for oil. That sounds like
>a recipe for scarcity to me.
>
>By the end of the year you may have to spend $100 to fill up your tank,
>and all the whining about OPEC and evil corporations isn't going to do
>you any good.


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