Lol. Tell that to a mining company.
It’s funny that you guys are defending OPEC as the “owners of oil supplies” considering it is the Organization of Petrolium Exporting Countries; an intergovernmental organization.
Dare I say it shows where your true loyalties lie? Gubment bad when it tries to help poor people, good when it helps the rich.
And as far as the “from an environmentalist” fallacy. I’m not a primitivist. Conservation != forsaking technology and a healthy standard of living.
In short… /facepalm
No one’s defending anyone. My argument stands regardless of who the “owners of X supplies” are. You still have not answered how exactly you would “stop [OPEC from] artificially restricting supply”. Let me guess: By building an even stronger (inter-)governmental parasite, but this time one that would truly represent “the people”, especially “the workers”, which will then force the other inter-governmetal parasite to give their oil to “the people”? Then “the people”, especially “the workers”, would live happily ever after, never having to worry again about filling up their bellies or gas tanks. Close?
Just have the workers seize control. They can distribute oil by such sophisticated means as “eeny meeny miny moe.”
Why am I not surprised you had no shortage of accusations, but absolutely no answer for how you planned to actually do what you suggest.
RonPaulLol:
I was on the Board of Directors for a Computer Mfg company. We were bought by a Memory Mfg company because the memory market was too competitive to make significant profits. The Memory Mfg bought us to diversify for the future AND to increase their short term profits. So companies DO diversify their investments and look to the future. They aren’t solely short sighted. I know this because I have experienced it.
The far more important point I was trying to make is that markets are forward looking. The price of most commodities and assets (stocks, bonds, futures) today reflect the market’s projections and expectations going decades into the future. If it was commonly accepted/known that the planet was going to run out of oil in 50 years, the price and investments in oil and alternative energy sources will be reflecting that today. The market doesn’t just wake up one morning to find out that: “Crap, there’s no more oil!”
I lawl at the idea that there are people who think politicians have better intentions, means or incentives then businessmen.
I would be upset by your charge except for 3 reasons;
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You don’t impress me.
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You have given no means of achieving your goal either. It’s quite funny that you would make that charge against me. How are you going to;
a) Cut taxes on gas and oil
b) Open up offshore and national park drilling
c)Dissolve the SPR
You’ve offered no solution. You’ve merely frothed at the mouth at the idea that someone (leftists) want to get in the way of your profit, be it granted by the government or not.
- If you think you, in fact, did offer a solution… than so did I. We’re both talking about getting some government agency out of the oil business. I want to dissolve the one that is not in any way beholden to the people, but only to the shareholders in oil and gas companies. You want to dissolve the one that is, because it is.
No. That’s rubbish. Companies have shown time and again that they are willing to look to future profits. This is why they build things that take years, even decades to become profitable. See offshore oil rigs and auto manufacturing plants.
So nobody lends money for a period more than a few years? I guess those 30 year mortgages don’t exist?
Good old government giving out padded contracts to political cronies.
So lemme get this straight. My posititon is, if the U.S. government removed the taxes on gasoline sales, eliminated the severance taxes on oil production, allowed drilling in the areas where it’s now banned, and sold the oil in the SPR, we would actually get some lower oil prices. And your position is “we just have OPEC stop artificially restricting supply”.
And further, your own position is that the U.S. government is one that is at least in some way “beholden to the [American] people” and the governments of OPEC are not. And somehow my position that the U.S. make changes to the U.S. government policy is no solution, and your position that we somehow control a collection of other governments half way around the world, is. Got it.
But just for kicks, tell us exactly how you propose we “just have OPEC stop artificially restricting supply”.