Posted on 07/14/2008 7:26:58 PM PDT by Righting
OPEC's policies spurring price hike Dailyrecord.com, NJ - Jul 5, 2008 While it is true that the United States gets most of its oil from non-Arab countries, it is in fact the Arab oil-producing nations that are driving up the price.
He states that the "price of oil is dictated to a large extent by U.S. oil companies." That is not the case.
OPEC, the Organization of Petroleum Exporting Countries, is a cartel of 12 member nations, with all but one, Venezuela, a Middle Eastern country. A cartel is, according to the American Heritage Dictionary, a combination of independent business organizations formed to regulate production, pricing and marketing of goods by the members. OPEC has for the first time since its creation in 1960 been acting like a real cartel. Formerly, cartel members would ignore regulated production goals established and pump more oil. More oil meant more supply.
...
(Excerpt) Read more at therealityshow.blogtownhall.com ...
FLOOD THE CONGRESS
TUESDAY JULY 15TH
LET THEM KNOW HOW YOU FEEL
THIS IS NOT PARTISIAN POLITICS
THIS IS A REAL AMERICAN PROBLEM
SPREAD THE WORD
WWW.VISI.COM/JUAN/CONGRESS
That link does not work.
http://www.dailyrecord.com/apps/pbcs.dll/article?AID=/20080704/OPINION03/807040302/1096/OPINION
We need a massive national inititiative to reduce our oil imports to below 50% by the year end. We need to treat this like War!
Get all your friends to sign the American Sollutions, "Drill Here, Drill Now" petition.
Join the 1,333,011 people who have signed the petition.
A. Shwartzenegger is such a disappointment in this issue...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.