20 Jun 2008

Destroy OPEC


I don’t know that I agree with Thomas W. Evans that litigation is preferable to military force, but I think he’s perfectly right that the elimination of the OPEC oil cartel represents a vital US foreign policy objective.

Eliminate OPEC and you remove a tremendous burden from the US economy while defunding Islamic terrorism at the same time.

The president of the United States has the power to attack, and perhaps destroy, the Organization of the Petroleum Exporting Countries, the illegal cartel that has driven the price of oil over $130 per barrel. This can be accomplished without invasion or bombing. No special legislation is needed. The president need simply allow the states to seek relief in the Supreme Court under our antitrust laws.

The oil ministers of the OPEC countries meet periodically to set production quotas for the cartel’s members and in the process establish an artificially high price for crude oil. Under our antitrust laws, this is illegal. Two years ago, Amy Myers Jaffe, an energy expert at Rice University, estimated that the real production cost was $15 a barrel. …

Isn’t starting a lawsuit better than starting a war?


Please Leave a Comment!

Please note: Comments may be moderated. It may take a while for them to show on the page.

Entries (RSS)
Comments (RSS)
Feed Shark