• Welcome to Religious Forums, a friendly forum to discuss all religions in a friendly surrounding.

    Your voice is missing! You will need to register to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Our modern chat room. No add-ons or extensions required, just login and start chatting!
    • Access to private conversations with other members.

    We hope to see you as a part of our community soon!

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

Cooky

Cooky

Veteran Member
Father Heathen said:
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?
Click to expand...

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.
 
Last edited by a moderator:
P

pearl

Well-Known Member
Interesting how the refineries always plan to close a few for whatever reason,
just in time for vacation travel1
 
Cooky

Cooky

Veteran Member
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?
 
Father Heathen

Father Heathen

Veteran Member
Landon Caeli said:
Well, the oil industry sure isn't free-market, when we are forced to sell at the price they tell us.
Click to expand...
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.
 
Cooky

Cooky

Veteran Member
Father Heathen said:
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.
Click to expand...

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).
 
Cooky

Cooky

Veteran Member
Shad said:
It is far more of a monopoly than socialism. Price controls do not require socialism itself.
Click to expand...

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?
 
Cooky

Cooky

Veteran Member
Shad said:
It is far more of a monopoly than socialism. Price controls do not require socialism itself.
Click to expand...

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.
 
Shad

Shad

Veteran Member
Landon Caeli said:
You're smart. Can you explain why the United States allows OPEC to have the power and influence that it does?
Click to expand...

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.

...Are we boosting the Arab economies like we did with China? On purpose?
Click to expand...

In a way, yes. Fact is nations like KSA were backwaters of little importance until oil was discovered.
 
Last edited:
Shad

Shad

Veteran Member
Landon Caeli said:
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.
Click to expand...

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.

So I think it is related to socialism.
Click to expand...

For some nations it is as those nations are actually socialist.
 
Cooky

Cooky

Veteran Member
Woberts said:
Imagine my surprise when the conservative admits to being racist.
Click to expand...

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.
 
sooda

sooda

Veteran Member
Shad said:
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.
Click to expand...

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.
 
You must log in or register to reply here.
Top