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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (103700)4/27/2011 8:47:31 PM
From: TimF2 Recommendations   of 224750
 
1 - Energy goes beyond just oil.

2 - I said it is best left to the free market, not that it was.

3 - OPEC has less control over oil prices than most people think. In a few cases it has seriously jacked up the price, but that tends to result in a lower price later. If it tried to do the same now, it likely would not be able to, countries would cheat at their quotas, they rely on the income from oil sales too much to want to produce much less of it.

4 - Even if OPEC was a pure and total monopoly (which its not, it doesn't even in theory control all supply, and the individual OPEC members control the supply from the OPEC countries), there is still the issue of whether or not to leave purchases up to the free market. Trying to impose some heavy handed central government control of the oil market, or the markets for energy in general isn't justified by the existence of OPEC.
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