Quote:
Originally Posted by BrianG
I'm not one for conspiracy theory, but are the high oil prices in part caused by the gov't setting them high? Maybe to give us US citizens someone to hate/be mad at (middle east) and then the gov't can come in and "save the day"? How much is political and how much is economic?
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The only gov't involvement (that I believe) is taxes. Sense oil is an international commodity China, Japan, Europe, ect would not willingly let our politicians jack up the price of oil without compensation (lots of it).
Do, I do personally believe that not drilling more in alaska and on the continental shelf (political decisions) is raising the cost of oil, but that is because of reduced supply (if we announce we are going to drill, even if it will 7 seven years to get to full production we would see an immediate reduction in the speculation of oil because the "crisis" would be seen as less severe).