I understand this, but maybe it's time to have a different approach to the global market of oil. Maybe regional markets not so influenced by world politics and pressures.
I like the thinking there albeit we'd face some hurdles getting to that point. The main one IMO would be the standing of the US dollar as the global reserve currency and the global requirement that all oil transactions take place in dollars. This places a burden on US foreign policy to maintain dollar supremacy with a global footprint paid for by US tax dollars.
But to your point in regards to our own region, whether western hemisphere or even North America, this would IMO be more than doable but at the same time it would still require a change in national policy in regards to both taxation and subsidy where said policy is pegged to oil as the backbone of our industrial/commercial economy.
A few years ago, just off the coast of Haiti it was discovered a huge oil field some speculate
even bigger than Venezuela and for the most part it sits doing nothing. Now Moreluck of course would scream Obama on this but this find is in Haitian waters and here is a country in ruin where such oil would do wonders and at the same time obviously do much for our own. Seems to me like the perfect opportunity where both countries could obviously benefit. So what are we waiting on, right? Good question and yet the answers are by far not easy to come by at all.
But on the price of oil itself, in the last week I've seen the pump price shoot up 15 cents a gallon so the question I have did the actual cost of production for that oil per gallon go up 15 cent over the last week as well? No it did not and I'm betting if we looked at actual production costs to just produce a gallon of fuel from drilling to refinement has only gone up in relation to inflation. But in truth the actual true costs of gas over the years because of better efficiency may have instead gone down but that our monopolistic monetary policy and choices is
hiding that fact.
The real truth among others is that the monetary unit we use is starting to accelerate it's lost of what little value it has left and thus all prices will begin to accelerate upward. On a different note put still relating to this is that as prices accelerate upward, wages will follow but not at the same rate of course and then the tax revs to gov't will also rise lessening the deficit and lessening the impact of the debt/GDP ratio. Inflation is the best friend of the gov't spendthrift.
Now oil is also effected by the Las Vegas style commodity markets as well as political actions like the clamouring of nationstates that could effect oil distribution but in those cases, these tend to be initially booms for oil profiteers and one wonders if for example the claptrapping between Iran and the rest of us "good people" is nothing more than claptrapping which in the meantime scares the markets and forces prices up? Not long ago, prices of oil was dropping to under $3 and seeming to go down further while at the same time even the US itself had an oversupply of gasoline and was a net exporter of it. Now months later, Iran has been blackballed from the global oil market, supplies are down and as a result the price has gone up. Even more so with the fear that the Strait of Hormuz might be closed. Yet, did the actual cost itself of pulling that gallon of oil up and the actual refinement process go up? Returning to Haiti, if that nation were allowed to extract it's oil and place it on the global market, what effect would it have on price? Is Haiti being kept down, people suffering, even dying so other people well connected to gov't and who can sway global economic policy can richly benefit? Does the reason Haiti have such a chaotic gov't situation, is that to effect an easier solution to keep it's people down in the first place?
When a hurricane or tornado comes through an area and the supply of building materials is obviously effected, why is it we don't bat an eye when gov't steps in and intervenes in the price of plywood, roofing or even bottled water but when it come to oil not a word is ever said. I'm not suggesting intervention here but I am asking who runs what and
who owns who here?
As I said, your idea is no doubt thought provoking but in light of so many questions, how do we get there? And I'm asking the question with you, not against you.