Quote:
Originally Posted by Rochard
What to do about it? Simple. Go to Mexico and Canada and tell them they need to leave OPEC or we won't buy any oil from them. I'm guessing Mexico and Canada would rather deal with us directly. Venezuela? They'll fold too. Why? Simple. If oil is $100 a barrel but they have to ship it to Europe it's going to cost them four times as much to get it there.
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ahhhhh. well, you may recall, the iraq invasion was touted as an opec killer by it's supporters. I often wondered why the opec killer angle was dropped once we were enmired.
sounds like a great plan - one hitch tho - the 'we won't buy from them" part.
"we won't buy from them" requires us to first be able to do without oil, or it's an empty threat.
I like the idea of us being able to produce more of our energy needs intranationally, so I would support anything that furthers that end.
one hears that the big mexican fields are depleting even faster then predicted, but venezuala has a lot of that really tarry brown oil. we could make special deals with either venezuala or canada, deals good enough to perhaps entice them out of opec.
but, unless we can actually "not buy oil", it's hard to see why they would be induced to lower prices.
we could always hold a gun to their head. that worked so well in iraq.