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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (24791)5/23/2004 11:23:19 AM
From: BEEF JERKEYRead Replies (1) of 81568
 
Supply and demand is a factor but that should have only pushed the price up a few Bucks. Currently the Opec target price for oil is $25! It's been as high as 70% higher than that price but Opec won't raise production. Why? Because the rest of the world, especially in the Middle East, hates Bush and his invasion of Iraq. Also when selling to Europe Opec doesn't want to get LESS Euros for it's oil so they hold back to get an larger number of American dollars.

Supply and demand is a convenient argument for the Bush administration but it's only part of the dynamic. It’s typical Bush – pass the buck and try and blame someone else. Just like the prisoner scandal – don’t take responsibility for your policies.
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