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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (57726)	8/30/2000 8:32:01 PM
From: Hawkmoon	Respond to of 116764

The best cure for high prices is high prices. Yeah.. but not this high. It's ridiculous to think that some of the countries are pumping the stuff out anywhere from .50-$15/barrel(after Western corporations explored and discovered, and defended it for them), are now charging the rates that they are. And the only reason it is occurring is that they have created a monopoly. We rightfully go after MSFT, but we ignore the most blatant international cabal of price fixing entities on this planet, OPEC. But then again, you understand that I consider energy independence to be a matter of national security. But in the case of OPEC they are creating problems for EVERYONE, not just the US. In fact, because oil is bought/sold in US dollars, it impacts everyone else worse than it does Americans, even China. And then we have Boy Clinton and Al Bore who have exacerbated the problem by preventing new oil exploration or the building of additional refining capacity, harangueing "big oil" (while negotiating their own little sweet heart deals with Occidental) and playing demagogue and fearmonger in front of the nation. But OPEC needs to worry since the higher the price goes, the more chance there is that nations will cheat on each other and collapse the market back down into the low $20 to mid teens.. Monopolies are not coincidences... But I rather doubt that Clinton desires high oil prices just in front of the election. In fact, were I a conspiratorialist, I would suggest that George Sr has been on the horn with a few of his friends from Desert Storm days and wondering if he could convince them to hold prices up a bit longer in order to make Gore look bad. That is, were I a conspiratorialist... <vbg> Regards, Ron