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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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WBBM Noon Business Hour
I listen to WBBM (News Radio) when in my truck.
On Friday, they had a guy on to talk about oil prices. (Didn't catch his name or his credentials.) He had an interesting theory. Anyway, he made a statement like this: In the 80's we depressed oil prices to bankrupt the USSR. Now, we are keeping them high to starve China. I'm not convinced this guy is right, but I'd like to explore the idea. Thoughts? Comments?
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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05-12-2008, 11:00 AM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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How can "we" by that I think you mean the USA, control world oil prices when "we" are about 5% of the world's population. The price of oil is pretty much the same everywhere, without subsidies, and artificial price controls like in Venezuela.
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Hugh |
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05-12-2008, 11:03 AM
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Registered
Join Date: Jun 2005
Location: Hamburg & Vancouver
Posts: 7,693
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I thought you guys invaded Iraq for cheaper oil. So what happened to that plan?
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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05-12-2008, 01:34 PM
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