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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (85188)	3/23/2003 2:33:49 PM
From: The Philosopher	Read Replies (2) \| Respond to of 281500

We already have expensive oil. It only seems cheap, because so much of the cost has been externalized. This is true, but it is equally true of every commodity. For example, if we internalized the cost of our highway system in our foods, bread would be far more expensive than it is. If we internalized the cost of road construction into medical costs, since we have to travel the roads to get to hospitals and doctors, the cost of medicines would much higher And on and on. But we do not internalize the costs of infrastructure into other commodities, so it is simply a political, not an economic, position to try to internalize it into the cost of oil.