[precisionshootist]

right, and that market force is the supply in the US, but make no mistake they are engaging in predatory pricing. They have done this for decades and will sell oil far below what they were otherwise capable and willing in order to drive the American fracking and drilling industry out of business. If we truly want to be independent we should hit them with an import tariff.

This is one of the few instances when you want government to engage in taxing.

[gogeo]

If by "they" you mean OPEC, well, yes...that's their reason for being.

Any person advocating government intervention in markets should explain why this time would be different than any other... Why their good ideas and good intentions would survive the political process in any recognizable form...why the predictable and inevitable unintended consequences wouldn't swamp whatever benefit might survive.

For purposes of government intervention, markets are best understood as a means of communication. Intervention is best understood as an attempt to shoot the messenger.