Quote:
Originally posted by fastpat
I think you missed the point entirely. Oil is precisely the same as any other thing, it's reased to importance by it's desireability, but that shouldn't give the federal government any power whatsoever.
That was the point.
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There is some truth to that statement, however the difference is that if the supply of Chinese clothes, Japanese electronics, or German cars suddenly dries up, our economy as a
whole does not suffer. If there is a shortage of shirts, the price of the available shirts will rise, due to good old supply and demand. If OPEC jacks up the prices and/or reduces production the cost of
everything goes up, as every step of the supply chain for damn near every product now costs more.
As our economy stands right now, oil does not have "desireability", it has long since passed that point. It is now a necessity.
Tom