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Politics : Foreign Affairs Discussion Group

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To: Noel de Leon who wrote (215900)	2/1/2007 10:14:54 PM
From: Brumar89	Read Replies (1) of 281500

We did boycott Japan. But we weren't a major supplier of oil to Japan and our boycott didn't cut them off from anyone else. Japan was already at war with every other Pacific/east Asian country (we were a Pacific country b/o of Hawaii and Philippines) and was looking for an excuse to go to war with us too. We were simply in the way of their expanding empire. 1) Free markets don't exist where there are dominant players or cartels which can suppress others. See the example of Russia's energy policy today. More over the tendency of free markets to degenerate into cartels is well known and well documented. That's why anti trust laws exist. True there isn't a free market w/i most countries - but the international oil market is free nevertheless though it is affected by the negative impact on production of the NOC's policies. It is in selling countries interest that the int'l market remains free. It is buying countries who have an interest in getting around the free market - how they could do so now I don't know. Wouldn't it take a return of colonialism? Say where China, as an example, seized control of Angola or the Sudan or something and took their oil at a below market price. This is what people simple-mindedly accuse the US of doing in Iraq of course though it isnt true. Iraqi oil is sold on the free market to the highest bidder. 2) If "everyone who uses oil competes in a free market" then tell us how you compete in that so called free market. What techniques, they must be quite unknown to all of us, do you use to get the price of gas down. I buy gas where it is cheapest but that doesn't get the price to fall. The only way the price of gas changes is if the price of oil changes. So tell us how to get the price of oil to change downwards when demand is increasing. Participating in a free market doesn't mean you have the power to make the price go down. Buyers and sellers do that collectively.

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