Al-USA

Why Is China Stockpiling Oil?

So, is than argument for the efficiency of planned eonomies and the myth of "free markets"? Just a thought.

Oil: Our Biggest Ally

Assouli said:
"
Higher oil prices are good for global society and economy so long as there is some sensible regulation in place to prevent speculation-driven bubbles. As for belligerent nations benefiting, this is something that should be addressed with strong diplomacy and international cooperation.
"

Oil went up about 500% at its peak the last couple of years. Or did you not notice? Its obscene run-up was a major contributor to tipping the USA into recession and possible depression; remember the 1970's Arab oil embargo?

Yes those Arabs that are now, supposedly, our "good" friends put a choke hold on the USA in the 1970's. I don't know about you, but I clearly remember the long lines, 2-3 hours, just to gas up, and this after going according to your assigned date. Yes, the Arabs didn't give a ___ then, so now we're supposed to care about their welfare because oil is reflecting, finally, real market demand?

I don't think so...