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SignOnSanDiego.com > News > Business -- Congress targets investors for high oil prices
How is t that so many people cannot see past their well-documented, primitive anti-market baises? This time, the twist is that it's not just the evil oil companies and traders that are manipulating prices, it's the pension and endowment funds! What's beyond tolerable are the damaged done by so-called environmentalist fanatics, in particular, is that the price of oil would be decidedly lower if oil-rich areas, especially offshore and in Alaska. Why doesn't Lieberman bring to testify economist who've estimated how much that has raised oil prices?
Or how about examining the unseen, indirect effects that the government's refusal to license new nuclear power facilities has had on the price of oil by forcing greater reliance on it?
Or how about examining the unseen, indirect, suppressive effects on new oil exploration by the constant threats by Congress to seize the "excess" profits of the oil companies, or even to "socialize" the oil companies, are Rep. Waters recently threatened?
Are such threats likely to lead to more risky, long term investment on the part of oil companies into new, more expensive oil production, like oil shale/sands? Or less?
Or what about the fact that oil is traded internationally in terms of dollars, and the value of the dollar has been so thoroughly depreciated over the year by the free money policies of the government 's Federal Reserve, that the price of oil would be 40% lower if Americans could buy it in Euros?
Why doesn't Lieberman call a reputable free market economist to testify about this? In the face of all these non market forces on the price of oil, are investors irrational in betting that the prices of oil is going to increase in the future? Aren't attempts to hold them responsible for oil price increases just another form of 'shooting the messenger?'
How is t that so many people cannot see past their well-documented, primitive anti-market baises? This time, the twist is that it's not just the evil oil companies and traders that are manipulating prices, it's the pension and endowment funds! What's beyond tolerable are the damaged done by so-called environmentalist fanatics, in particular, is that the price of oil would be decidedly lower if oil-rich areas, especially offshore and in Alaska. Why doesn't Lieberman bring to testify economist who've estimated how much that has raised oil prices?
Or how about examining the unseen, indirect effects that the government's refusal to license new nuclear power facilities has had on the price of oil by forcing greater reliance on it?
Or how about examining the unseen, indirect, suppressive effects on new oil exploration by the constant threats by Congress to seize the "excess" profits of the oil companies, or even to "socialize" the oil companies, are Rep. Waters recently threatened?
Are such threats likely to lead to more risky, long term investment on the part of oil companies into new, more expensive oil production, like oil shale/sands? Or less?
Or what about the fact that oil is traded internationally in terms of dollars, and the value of the dollar has been so thoroughly depreciated over the year by the free money policies of the government 's Federal Reserve, that the price of oil would be 40% lower if Americans could buy it in Euros?
Why doesn't Lieberman call a reputable free market economist to testify about this? In the face of all these non market forces on the price of oil, are investors irrational in betting that the prices of oil is going to increase in the future? Aren't attempts to hold them responsible for oil price increases just another form of 'shooting the messenger?'