BIKE: The end of the Oil Age

[Jeb Boyt]

>From the article:

"According to one American government estimate, OPEC has managed to transfer 
a staggering $7 trillion in wealth from American consumers to producers over 
the past three decades by keeping the oil price above its true 
market-clearing level. That estimate does not include all manner of 
subsidies doled out to the fossil-fuel industry, ranging from cheap access 
to oil on government land to the ongoing American military presence in the 
Middle East."

----Original Message Follows----
From: Loren Schooley <loren>
To: <forum>
Subject: BIKE: The end of the Oil Age
Date: Fri, 24 Oct 2003 10:16:10 -0500

http://www.economist.com/opinion/displayStory.cfm?story_id=2155717

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