Originally posted by: rchiu
Originally posted by: glutenberg
OPEC, a cartel, formed as a group of foreign countries, of which only a few are part of the WTO, is going to cave into Clinton's challenges of their business practices? Is it a secret at all what OPEC does? So, from the way you're reading the article, she wants to expand US anti-monopoly laws so that she can challenge OPEC merely by questioning its business policies and politics? The only way to challenge OPEC is to dismantle it or to push for a massive movement of moving away from using oil. You said it yourself, this is an inelastic good and our abilities to merely challenge them with US laws is basically pointless.
ATPN, masters of continuously going around in circles. Obama has offered his methods for change, people disregard the post and the post the same damn nonsense about him not offering a plan. It's just plain stupid at this point.
Again, you are the only one saying the only way to challenge OPEC is to dismantle it, not Clinton. OPEC members are just countries like any other countries in the world. They are not immune to diplomacy, negotiation, deals, compromise and partnerships. We want oil, those countries may want other thing. Clinton want to take on those countries, one of her first thoughts is going through WTO which promotes fair trade. She is not a superwomen, she will not come up with a silver bullet today to solve OPEC problem. But what is important is she bring the issue to the table. OPEC is a key to oil prices, and to have reasonable oil prices without drastic spikes (like Goldman Sachs suggested we may see $200 per barrel in 6~24 month) someone must work with OPEC in anyway, threat, deals, compromise, anyway we can.
Yeah and about Obama and his change, I lived in Chicago for 9 years and I have seen zip.