Re: Energy Protectionism

From: Tkalbfus1 (tkalbfus1_at_aol.com)
Date: 08/30/04 

Date: 30 Aug 2004 11:07:27 GMT

>OPEC had nothing whatsoever do do with this. It was the greed of ship
>owners and ship captains who has purchased their oil cargo at the then
>market prices at their origins, and who then resold it for as much as
>they could get!

Eh, the ship owners were not a monopoly, they competed with each other. If they
were sitting out their waiting for the right price, it was because they paid so
much for the crude oil they bought and were waiting for the right price so they
wouln't take a loss. You can't call them greedy anymore than you can call gas
station owners greedy for charging high prices for gasoline, they have to cover
their costs, and also pay for the whole sale price of gasoline on top of that.
If greedy means that they didn't want to go out of business, then I guess you
can call them greedy.

>The shortage was artificial, and had nothing to do with OPEC.
>

OPEC was the only monopoly in the Oil supply system, if it wasn't a successful
monopoly, it wouldn't exist. This group seems to be a nest of liberals who are
trying to rewrite history so that America is the root of all evil, and that
foreigners are never to blame, this is nonsense.

Tom

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