People (justifiably) criticize McCain for not being very knowledgable about economics. But it seems pretty clear that he understands more than Hillary about our (in)ability to force OPEC to do our bidding.
This from a person who says the oil companies should pay the tax and not the consumer..........what an idiot......
I am sure that they will pay attention to a woman.
Hillary is RIGHT about the use of the Sherman anti trust act of 1933 in combating OPEC.
This law is, and has been, a model for like laws worldwide and is ratified in numerous reciprocal treaties with the US, including the WTO!
It has been used against many US companies, including Microsoft, both here and abroad, and our partners are bound by treaty to uphold it.
Here is the rub:
There is a clause in the treaty/law that can exclude industries that a country deems necessary to National Security.
The real fly in the ointment is that nobody ever envisioned a situation where the country involved would OWN that industry!
These exemption's are agreed upon and can be removed.
We could - if we wanted to - declare the OPEC cartel an illegal combination in restraint of trade.
Which it surely is!!
Why should we be held to legal frameworks that do not apply to a bunch of filthy anti American Arabs and such, who are screwing America as hard as they can?
We should remove OPEC from the National Security excemption status that it currently enjoys!
When Hillary made a speech in Indiana last weekend about how she was going to TAKE that $55 billion in profits away from the oil companies- she looked absolutely reptilian. Like a gila monster flicking her forky tongue at an insect.
shuddderrr at the thought of having to hear and see that raspy arrogant smug socialista in the White House.........
The axiom of the Leftist: “I’m right, and everyone will do what I say if I can just get them to listen to me! I shall declare what shall be, and it shall be!” They don’t have to cooperate with anyone, but everyone will cooperate with them.
Yeah. A bunch of uber-super-rich sheiks will give up their source of fortune and power because some lady on the other side of the planet says they should. Right.
Hillary does not have a clue. OPEC would be happy to sell plenty of oil to China and turn off the tap to the US. What is she going to do, bomb them?
The quickest way to reduce oil prices is for the US gov. to announce that we are allowing drilling in ANWAR, off the coast, and anywhere on federal land. Leases for $1.
Just the announcement would drop the price of oil. Don’t even have to put a drill bit in the ground.
She is an idiot...
or rather, those that fall for her B/S are the idiots
Oh great. Maybe Madame President can do the same for the oil companies as she did for our flu shots. If the Beast get elected expect gas lines again!
hey Hillary opec just called-they said you have no “gravitas”
hey Hillary opec just called-they said you have no “gravitas”
I see in the interview that hillary has replaced ‘you know’ to ‘well’ to start all her sentences.
not an improvement.
I had a conversation with my aunt a few months back. She forwarded me an e-mail about how the rich oil company owners were manipulating prices at the expense of the poor. I asked her if she had an IRA and she said yes. I asked her if she had any oil company stocks. She said she wasn’t sure, but might have some. I told her that she was one of the rich oil company owners and needed to go to the next stockholders meeting and demand the company stop making a profit and start selling oil at cost.
When she ran for the senate in New York she promised 250, 000 jobs to the upstate area. I think the last time I read anything about it, they had lost an additional 200,000 jobs.