pharma

Who's Really to Blame for Rising Oil?

Nobody speaks about a free-market system any more. Well, we did not have for a while.

I understand the frustration of all democrats and republicans: they can do nothing about oil prices. They can not create oil, gas, gold, etc., by "printing it" or out of taxing it. The best Congress can do is to create shortages...

In old good time, USA colonized almost all oil producing countries. The USA robed them and were happy calling ourselves a democracy. The rest of the world was poor and did not use much oil. Yes, it was good!

Now, the USA does not control the world oil supply. Russia, Iran, Venezuela are in control of their own oil. On top of it, China, India and the rest of world would like to enjoy good life too.
On top of this, the USA military is not in a position to dictate to the world how they suppose to live their lives and how be nice to America.
Adding these three together and the USA and EU have a problem.

So, get used to the reality!