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Old 10-26-2008, 08:07 PM   #6 (permalink)
SVOboy
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Who said anything about defending OPEC while complaining about oil companies? I haven't seen oil companies mentioned, and anyway, we live in a free market, if oil companies want to and can make money, they will, just like any other business. That said, I don't believe in unfettered free markets and would rather see the oil industry nationalized.

Also, just because I group wants to make the most money off of their product doesn't mean there isn't a valid interest in stabilizing prices. All they're trying to do, economically, is create a bottom so that they can have an expectable amount of profit. Do you forget that this is the money that runs their country? If the US was an oil exporter and was suddenly taking in half as much money as it used to be, wouldn't you be concerned about things like major cuts in government programs and increased taxes to offset that burden? I would be. Everyone is going to protect their own interests in this world and I don't think they're doing anything unreasonable here by deciding how much of their own resource to sell. They could say they didn't like us and weren't going to sell us any if they wanted!
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