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Gas prices jump to over $4.00 a gallon. Praise Allah.

Discussion in 'General Debates' started by Landon Caeli, Apr 14, 2019.

  1. suncowiam

    suncowiam Well-Known Member

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    Aren't you a free market capitalist? Guess who dictates gasoline prices?

    Flip it all you got.
     
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  2. Father Heathen

    Father Heathen Veteran Member

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    So you're saying that Saudi Arabia has the authority to establish and enforce "international law" and is "socialist" for setting the price of it's own exports? What?
     
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  3. Landon Caeli

    Landon Caeli What's your stoyle?

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    OPEC
    OPEC - Wikipedia
    OPEC Dictates global oil prices on a global socialist scale. All oil barrels must be sold at the exact same price internationally.
     
    #83 Landon Caeli, Apr 14, 2019
    Last edited: Apr 14, 2019
  4. Terry Sampson

    Terry Sampson ζει

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  5. pcarl

    pcarl Well-Known Member

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    Interesting how the refineries always plan to close a few for whatever reason,
    just in time for vacation travel1
     
  6. Father Heathen

    Father Heathen Veteran Member

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    So a cartel that manipulates the market and fix prices to maximize their profits is "socialist"?
     
  7. Landon Caeli

    Landon Caeli What's your stoyle?

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    Well, the oil industry sure isn't free-market, when we are forced to sell at the price they tell us.
     
  8. Landon Caeli

    Landon Caeli What's your stoyle?

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    I think It's sad that people don't talk about this more.

    ...Why do we listen to OPEC anyway? What happens if we don't? Why can't oil companies in Texas and California just sell oil at whatever price they want?
     
  9. Father Heathen

    Father Heathen Veteran Member

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    How exactly do they force non-members from undercutting them? Also, market manipulation, pricing fixing, monopolies, etc. occur due to a lack of regulation, not because of it.
     
  10. Shad

    Shad Veteran Member

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    Stop telling people this. It makes the lines at those pumps longer! /s
     
  11. Shad

    Shad Veteran Member

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    It is far more of a monopoly than socialism. Price controls do not require socialism itself.
     
  12. Landon Caeli

    Landon Caeli What's your stoyle?

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    Good question! Here is an article I found on how this alien "cartel" controls global oil ,jncluding America's oil companies... https://www.econlib.org/library/Enc/OPEC.html

    ...But after reading the article, I'm still left wondering why we listen to them considering that the article suggests they have less influence than what they presume to have.

    There is something weird going on here. I can sense it. It's as if the American Right has compromised free-market capitalism for some kind of "friendship" with these cartels (particularly Saudi Arabia).
     
  13. Landon Caeli

    Landon Caeli What's your stoyle?

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    You're smart. Can you explain why the United States allows OPEC to have the power and influence that it does?

    ...Are we boosting the Arab economies like we did with China? On purpose?
     
  14. Woberts

    Woberts The Perfumed Seneschal

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    You're welcome, btw.
     
  15. Landon Caeli

    Landon Caeli What's your stoyle?

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    True, true... But when you think about the OPEC member states, They're all socialist. Venezuela..? In most Arab countries, it's free medical and free college.

    So I think it is related to socialism.
     
  16. Shad

    Shad Veteran Member

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    Actually the US flipped on this point. Once the US didn't consider OPEC would be willing to cut supplies for political reasons. When it did the US considered an invasion during the 73 oil crisis as per declassified files released in 2004. Instead the US used its economic power and outright bribery to get OPEC in the ME aligned with US interests. It is the primary reasons the rest of the planet even cares about the ME. Oil. Otherwise it would just be a backwater.

    In a way, yes. Fact is nations like KSA were backwaters of little importance until oil was discovered.
     
    #96 Shad, Apr 14, 2019
    Last edited: Apr 14, 2019
  17. Woberts

    Woberts The Perfumed Seneschal

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    Imagine my surprise when the conservative admits to being racist.
     
  18. Shad

    Shad Veteran Member

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    KSA isn't socialist. Iraq isn't socialist, Kuwait isn't socialist, UAE isn't socialist, Nigeria isn't socialist. Iran isn't socialist. Having a social program does not make one socialist. It requires other policy and points of view to make that claim. For example is KSA giving ownership of the oil wells and reserve to the people or to those with Saud as their last name? It is the later.

    For some nations it is as those nations are actually socialist.
     
    • Informative Informative x 1
  19. Landon Caeli

    Landon Caeli What's your stoyle?

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    Oops..! :eek:
    The cat's out of the bag.

    ...It's not illegal to hold such opinions and express them as such I hope. But yes, I see them as savages. Sometimes polite savages.
     
  20. sooda

    sooda Veteran Member

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    LOLOL.. KSA doesn't give oil wells to anyone. 86% of oil revenues go to the Saudis people in the form of healthcare, education, desalination facilities and other infrastructure.
     
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