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To: cynicom

Still makes no sense.

Supply is controlled by producers (and governments) demand is controlled by consumers. Last month saw the greatest drop in consumer demand on record.

Contrary to popular opinion even demand for oil is subject to price elasticity.

There have always been relatively large corporations in the world economy. Before oil you had the East India Company, Railroad barons, Financiers with great power, Astor, the Rothschields, the Medici bankers, the Fuggers.


32 posted on 10/27/2005 3:03:40 PM PDT by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: justshutupandtakeit
John D. had a stranglehold on oil. T. Roosevelt, saw a need to bust the oil industry. Now most of Rockefeller's business is back one group.

Oil is so vital to world economy that a few cannot be allowed to determine "supply".

34 posted on 10/27/2005 3:12:04 PM PDT by cynicom
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To: justshutupandtakeit

You and i mostly seem to disagree on stuff. Not here tonight.


39 posted on 10/27/2005 5:35:09 PM PDT by Fierce Allegiance (Why is it you never hear "gender equality" mentioned in a divorce court?)
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