You cannot control the price of oil by simply not using it. Oil used as a basic starting material for virtually everything we consume not just gasoline! The reduced demand just means OPEC will produce LESS to keep the oil price where ever they want it. Too high and they drive the world into recession/ depression. They don’t want that either because consumption will drop. Too low and their profits drop — so they cut back. The point is the WANT CONTROL. That’s their bargaining chip. This maintains their global political control since by shutting off oil flow they can in effect successfully hold the world hostage as world ecomomies fall into recession or worse. Russia has now joined as a major oil producer. They look at us as fools for not developing our energy sources right here at home !! They WILL take advantage of our stupidity.
I LOVE THIS ONE...YEP Regular Supply and Demand at work...LOL...I wonder if CrappieFarmer and DB4D voted for Bush.
I asked you before DB4D, you don't have any oil related clients? Do you think the Easter Bunny, Casper the Ghost and Santa Claus are real? How about this one...Do you think the war in Iraq was won by YOUR president oh about 3.5 years ago. I BET $500 you think the carriers at Pearl Harbor just happened to be out that day ALL ALONE WITH NO ESCORTS just testing their motors...I wonder if you think JFK was killed with a single bullet. I wonder what you think of our LUNAR landing in 1969...Before we even had color TV....I wonder if you believe everything in those textbooks about Economics written by some guy who lives on Fantasy Island...DE PLANE BOSS DE PLANE!!!!
Last edited by sac-a-lait : 08-20-2008 at 03:54 PM.
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