Funny how we love to fight mob crime. Eliot Ness and such. We are against the 21st century mob (gangs). But funny how we will let our hands be tied to the biggest mob of all time (sorry Italians). What am I speaking to?…. OPEC.
It is a mob. They do not let the economy work with supply and demand. They decided how much to produce. They decide the price. A mob. I have read many statistics and can not be sure which ones are truly correct, but these next figures seem the most reasonable. If the model of supply and demand was adhered to, without any major “shortages”, barrels of oil would cost around $10. It is right now around $140 I think today. Yikes.
Just like in the 70’s. Now I know oil will not last forever. But we are not going to run out tomorrow. Even if we do not create any new oil fields. Duh people. How quickly we forget. Now prices might be more expensive and we could see some shortages in the short term if we ignore OPEC and say, “getting our oil elsewhere boys.” And I mean boys because women and treated like dirt in those countries. Actually dirt is more useful than women. Let us do business with Venusians.
Ah, but they are ruled by a dictator. So Bushy says no. Then tell me how most Saudi Arabia countries are not dictatorships and oligarchy’s? They are, but they have stuff we “need” and will deal with them. This whole thing is sooooo stupid.
Remember the 1970’s people…. Remember the 1970’s.
Mel