oil as the US but taxed the hell out of it.
Which reminds me of Gruss' hero Paul O'Neill wanting
to add a $10 per barrel tax on oil.
-sm
--- Won Lee <[EMAIL PROTECTED]> wrote:
> >But the country must do a better job of finding
> >alternative energy sources and conserving: "We need
> to
> >wean away from OPEC oil for the economy and for
> >national security reasons," Sohn said.
>
> I agree with almost everything that was written
> although I do feel that the
> policies that will be implemented if Kerry were
> President would be more
> effective. I'm largely basing that statement that
> the Republican Congress
> would control/balance a Democratic President,
> something they were unwilling
> or unable to do while Bush was in the White House.
>
> The part that I disagree with is the paragraph I
> copied. Weaning away from
> OPEC oil wouldn't substantially have a major price
> impact. We have to get
> that oil from some place. And even if we got that
> oil from a non-OPEC
> contry like Russia; supply and demand would dictate
> that oil prices are
> going to go up.
>
> Imagine this scenario. The US purchases a 100% of
> foreign oil from
> Russa. OPEC countries have a supply disruption.
> Other countries like
> China that depend on OPEC oil are going to drive up
> the price of oil in the
> open market. They will turn to Russia and other
> OPEC countries and offer
> more money for said oil. Now China is buying more
> Russian oil which
> increases the price for oil for the US. And this
> price increase doesn't
> even factor in the larger quantity that OPEC
> outputs.
>
> OPEC, despite their many blunders and cartel like
> regime, is a very very
> powerful institution. This highlights the
> importance of crude oil. I used
> to live in London and Asia but have spent the last
> 13 years in America. I
> visited Asia last winter and even though I knew gas
> prices were ridicules
> in the rest of the world, I was still shocked. I
> was shocked how expensive
> it was. I was shocked that they sold it in liters.
> I buy Diet Coke in
> liters, not gas.
>
> The god damn stock market has been moving lock in
> step with crude oil
> prices. This is driving me mad.
>
>
>
>
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