Here we go again with the Oil Cartel telling us what we have to pay for gasoline, because they hold us hostage, with their illicit OPEC organization. In any other country in the world these people would be considered criminals. Why is there no one to police their immoral business dealings? IT IS AN OUTRAGE!
Lets look at a few words that don’t really sit well with anyone that I know anyway. One word is “cartel” it does not even have a good sound about it. Any time I hear the word I immediately think “criminal organization”. Cartel is defined as: A group of businesses that collude to limit competition within an industry or market. Collude another word that does not promote a good feeling when you hear it. I liken it to hostage taking, market manipulation, monopolizing an industry, and essentially withholding an abundant product so they can overcharge. Why is there no one to oversee these criminals? Why is there no one to prevent these countries from holding the rest of the world financially hostage? Supplies are high, demand is down, but prices are going up. Equates to: “sounds illegal to me”. If somebody did this with stocks they would be in “federal pound me in the butt prison.”
Who caused the world economic downturn that we are currently living through? Who caused the recession? OPEC! OPEC! OPEC! No other source in my opinion had a bigger role in causing it. With $4 plus gasoline prices, all you can afford is gasoline to get to and from work. You have no money left to buy durable goods. Durable good sales are what keep the markets afloat and the economy in balance. Hell, just buying groceries during that time was challenging. Forget about going out to dinner or the movies, there was no money at all for that. Well, one thing about being unemployed is that I do not have to put gasoline in my vehicle.
On another note I guess that someone forgot the old adage “to the victor go the spoils of war” If someone in our God blessed government had any brains they would be siphoning off every last drop of oil to pay for Iraq’s liberation from the tyranny of Saddam Hussein! If it was me Americans would have reasonably priced oil until every last dime was paid back from Iraq.
A day of reckoning is coming! Mark my words! When an oil rich country like Dubai goes bankrupt because they want to have an indoor ski resort and a hand built island that looks like a seashell, I certainly am not going to feel sorry for them or foot the bill for their debt out of my pocket.
You want to hurt a terrorist, take away the money that funds them. The Oil Cartel Money and OPEC! Have a great day everyone and watch your gas consumption.
Rich