Category Archive 'OPEC'

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?

06 May 2008

Why Hillary’s Going to Win

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Ben Smith reports, but fails to recognize or understand, that Hillary Clinton has managed to identify the United States’ key foreign policy aim: the destruction of the OPEC oil cartel, which represents a monstrous and increasingly burdensome tax upon the economies of the West levied by a collection of backward dictatorships and parasitical Third World regimes. The incomprehensibly vast wealth transfers effectuated by this artificial manipulation of the pricing of a basic world commodity have not produced the enlightenment and content prosperity of its beneficiaries, but has instead emboldened them to promote religious intolerance and hostility toward the West, while enabling them to fund the arming and training of a new Order of Assassins, a series of militant bands of murderous fanatics bent on suicidal violence aimed at innocent victims in Middle Eastern countries and South East Asia as well as Europe and the United States.

Destroy OPEC, and you cut the Gordian Knot. You eliminate Terrorism at its source by removing its funding. You also simultaneously revitalize the economies of every country in the entire productive world by extracting a major parasite that has been feeding upon its vitals.

Clinton’s attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries.

“We’re going to go right at OPEC,” she said. “They can no longer be a cartel, a monopoly that get together once every couple of months in some conference room in some plush place in the world, they decide how much oil they’re going to produce and what price they’re going to put it at,” she told a crowd at a firehouse in Merrillville, IN.

“That’s not a market. That’s a monopoly,” she said, saying she’d use anti-trust law and the World Trade Organization to take on OPEC.

Clinton has cast herself as a warrior for working people against the oil industry and malicious “speculators,” and made that — along with her push for a gas tax holiday — central to her closing message in Indiana.

It’s a potent message, like the attack on “Wall Street money brokers,” with deep roots in American politics. It’s also very hard to figure out what exactly she means by the threat to break OPEC.

Kiss Obama goodbye, lefties. Hillary is going to run on this one, and he will be toast.

And John McCain had better move rapidly to adopt the same policy, or he could also be in deep trouble.

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