To: thackney; atomic_dog; tx_eggman
“Oil is a global fungible commodity. After implementing the above, the future trading will just continue unchanged but no longer under any US control since it will be done in London, Tokyo, Singapore and Dubai.”
Exactly. It is amazing how many people post on Free Republic with no idea how markets and the economy works.
The only solution to higher prices is increased supply or lower demand (good luck with that - people bitch but they still drive.)
98 posted on
03/24/2008 5:05:11 AM PDT by
Sunnyflorida
(Drill in the Gulf of Mexico/Anwar & we can join OPEC!!! || Write in Thomas Sowell for President.)
To: Sunnyflorida; thackney; atomic_dog
Exactly. It is amazing how many people post on Free Republic with no idea how markets and the economy works.
The only solution to higher prices is increased supply or lower demand (good luck with that - people bitch but they still drive.) Agreed ... I posted my response after an afternoon/evening of March Madness ... festivities that included one too many bourbon and waters.
99 posted on
03/24/2008 6:09:11 AM PDT by
tx_eggman
(Privatizing profits and socializing losses is no way to run an economy.)
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