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SugarMyChurro -> RE: OPEC Seeks Buyers! (6/11/2008 2:07:11 PM)
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I think we are both old enough to have seen this kind of shit before. I remember long lines, buying gas only on certain days, etc. It's all bullshit - legalized extortion.
As I've said before, it's too important to national security to leave it in the hands of private interests. It either has to be taken over or more heavily regulated.
I feel the same way about food and several other things. I do not have that much faith in the "global" market and I have heavy isolationist leanings. To me the idea of "act local, think global" means simply this: ordered units have to be small enough to control, many such units can have a broader impact. I don't think we can or should even try to control what someone in another part of the world is doing. We can however effect change locally and that's where our focus should be.
What that means is that we do need to look at controlling corporations doing business within our borders. We can additionally seek to heavily regulating speculator markets under our jurisdiction.
OPEC is somewhat beyond our reach. But I will say this: that video is a strong statement against peak oil scare-mongering. If OPEC wanted to bolster prices on the basis of oil scarcity - well, they just put the lie to any such strategy.
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