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<blockquote data-quote="Jones" data-source="post: 360052" data-attributes="member: 4805"><p>Things aren't so simple as the oil companies gouging us. I agree that they are making insane profits, but really all they are doing is charging the market rate. They could certainly charge less, but in a free market why should they?</p><p></p><p>It's India and China who are driving the world oil market, not the U.S., and they can (and do) easily supply any consumer goods to the Saudi's for a lot cheaper than we can. The main leverage we have with Saudi Arabia is the sweetheart deals that we give them on military hardware. We could cut them off I suppose, but they would just get their planes 'n guns somewhere else, in addition to raising oil prices even further to pay for them. </p><p></p><p>Oil is a non-renewable resource, there's less of it left every day while world demand is increasing every day and consequently the prices are going to continue to go up. All these schemes to lower the prices (offshore drilling, windfall profits tax, price regulation, etc) are really just the rantings of an oil addict in denial. Someday the oil is going to be all gone, and the sooner we get serious about alternative energy sources the better off we will be. In that sense the recent price spike should serve as a wake up call.</p></blockquote><p></p>
[QUOTE="Jones, post: 360052, member: 4805"] Things aren't so simple as the oil companies gouging us. I agree that they are making insane profits, but really all they are doing is charging the market rate. They could certainly charge less, but in a free market why should they? It's India and China who are driving the world oil market, not the U.S., and they can (and do) easily supply any consumer goods to the Saudi's for a lot cheaper than we can. The main leverage we have with Saudi Arabia is the sweetheart deals that we give them on military hardware. We could cut them off I suppose, but they would just get their planes 'n guns somewhere else, in addition to raising oil prices even further to pay for them. Oil is a non-renewable resource, there's less of it left every day while world demand is increasing every day and consequently the prices are going to continue to go up. All these schemes to lower the prices (offshore drilling, windfall profits tax, price regulation, etc) are really just the rantings of an oil addict in denial. Someday the oil is going to be all gone, and the sooner we get serious about alternative energy sources the better off we will be. In that sense the recent price spike should serve as a wake up call. [/QUOTE]
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