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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