Friday, March 07, 2008
Fantasy: Sticking It to the Oil Man
The other day I heard that Washington has been pressuring OPEC (The Organization of the Petroleum Exporting Countries) to open up the spigot a bit more with the hopes of lowering the prices at the pump and easing the pressures on the U.S. economy.
OPEC's response (which undoubtedly represents that of the oil companies as well) was there was no need to pump more oil and that the run-up in prices is due to investor's dim speculations in the market and not fundamental problems regarding supply.
That last part is certainly true. When was the last time you heard of a gasoline station running out of gas?
Nevertheless, here's what I think OPEC was saying in between the lines, "We're not going to increase the supply because the price of petrol will go down and then we can't make as much money. So, as long as you stupid Americans maintain your unquenchable thirst for gasoline, you can stick it where the sun never shines."
And since we can't control our own gluttonous consumption of oil, perhaps what this country—and more importantly—OPEC and the oil companies need is a good little depression that results in a radical drop in the demand of petroleum. Perhaps a little anarchy will follow in a select number of places adding a bit of well-needed humility here in "The Land of the Free (only free in the distance we can ride our bicycle) and the Home of the Brave (i.e., the self-serving, greedy capitalist)."
And maybe, just maybe after all of that, we'll finally get serious about alternative energy sources like wind, solar and tidal power.
Posted by mdt1960 at 11:10 AM