Quote:
Originally Posted by mulp
How does driving down demand for oil help OPEC.
The simplistic economic theory taught and used in all policy analysis by conservatives, says taxes will increase prices and reduce consumption, but consumption equals supply which means the supply from Saudi Arabia will be cut.
But because the high prices of oil will drive the capitalists to find the low tax alternatives made inside the US by US workers, that will punish OPEC with less demand from the US, and then the US will sell it to others who will cut their demand for oil punishing OPEC.
It is Bush that is rewarding OPEC.
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Considering the fact that oil is in almost all products, the demand for clothing, paints, plastics etc....will not decrease in demand as the population grows.
What does decreasing gasoline consumption in the US have to do with increasingly higher demands in China?
The price of oil has almost doubled since Democrats took over Congress.
The media is afraid to tell Americans why oil all of the sudden increased in price.
This is as corrupt as the JFK assassination.
Tell me, what classifies Obama as an alternative fuel expert, considering he wants to take $10 Billion each year from the taxpayers?