Reply #76: Do you think just because if ExxonShellMobil HalliburtonEnron doesn't [View All]

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monopolize oil production, we won't get oil?

We'll get our oil, but the big oil companies just won't get super rich off of it.

Venezuela is instructive on this front. Their foreign minister has said that it's in their interest to see a functioning US economy. Venezuela wants to sell oil to the US at a fair price. In fact, Venezuela has said that the best price to sell oil at is around 30 dollars pbl because that ensures that economies grow enough to support oil consumption. If it goes too high, then economies shrink, which is bad long term.

Just because a super-wealthy, super-huge corporation isn't making super-large profit margins off some developing country's resources doesn't mean the whole system is going to fall apart.

As for stability in the ME, for the 100th time, IMPERIALISM IS DESTABILIZING!!!! Stability in the middle east requires and end to imperialism. I can't believe I'm having the discussion on a progressive website. But I guess I'm not surprised I'm having it with someone who is defending what Clark says about virtual empire and the need to succeed in Iraq.

BTW, maybe when the profit margins aren't so huge on oil, then we'll start thinking about new ways to get energy. So long as we use imperialism to guarntee huge profit margins for oil companies, nobody's going to be looking for alternatives to the gravy train.