BIKE: The end of the Oil Age
Byrnes, Rick
rick.byrnes
Fri Oct 24 14:17:16 PDT 2003
Gee, that sounds almost as bad as the pharmaceutical companies selling
medicines to U.S. citizens for much more money than in other countries-- and
then they object when we try to buy those medicines there for less. I hear
some of those companies are restricting shipments of medicine to Canadian
pharmacies now.
I know such comparisons can be stretched, but this sort of approach seems to
be the way big business works, whether it's OPEC or pharmaceutical
companies. Which is worse?
rick byrnes
> From: Jeb Boyt [SMTP:jeboyt]
> >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."
>
>
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