Skip to main content

Reply to "Foreign Policy - Price of Oil"

The price of oil is definitely affected by instability in the world. The price is set by OPEC but bid on in the spot market. Because of ever increasing demand and a finite supply the price will rise no matter what. It is what the war in the Mideast is all about. China and India and other developing countries are increasing their demand but they make contracts, deals and supply aid to oil rich countries. The US has built it's military up since Reagan so it can steal it. It was planned back in the 80's.

Also US oil corporations have not built any refineries so the amount of refined oil is limited even though their supplies are full. They blame environmentalists for the lack of new refineries but they must build them so they do not pollute and cause damage. I don't have the exact facts in front of me but it's been pointed out a few times that they could have built these plants but chose not to. So they will buy oil when it is low and stock it then sell it when it's high. Basic Business yes, but oil is a necessary commodity. Our children are sent to defend their interests and our money is spent to defend also.

We need to be off oil. It pollutes and is a major factor in global warming. It is a very short sighted policy to spend billions of dollars for oil when it will run out one day. It serves only the interests of the oil corporations and the defense establishment.

We need safe, renewable alternative sources. That's real security. No more blood for oil.

Untitled Document
×
×
×
×