Can You Prove Me Wrong about Fossil Fuels?
We all experienced the world-wide melt-down of the world economics in 2008. People were hocking their possessions in pawn shops to buy fuel.
I believe we should rationalize this system. Let’s set a price for crude oil at a figure that would take wild swings in prices into account. I don’t pretend to be an expert in pricing oil. But let’s see what we could do and the ramifications. Let’s price “crude oil” per year at an arbitrary price of $70 per barrel for 2009, and adjusted for inflation every year thereafter. We could charge $5 more for light sweet crude oil and $5 - $10 less for heavy oil. This would stop the oil trader’s practice of raising prices based on some rumors of a pipeline attack or some other excuse they use to rip us off.
Who would this hurt? The stock exchanges, e.g., the Chicago Mercantile Exchange. And of course, the oil traders.
Who would this benefit? Everyone else! Shipping companies, airlines, the tanker industry, Fed Ex, UPS, U.S. Postal Service, food companies, mining companies, etc. And of course, let’s don’t forget the consumer. U.S. consumers could plan vacations a year in advance, and know the fuel cost.
This same formula could be used for natural gas. And would greatly benefit our young, renewable fuels market; e.g., solar, wind, nuclear, hydrogen and ethanol industries. Even the producing countries would benefit from a predictable source of revenue. Government taxing agencies could better plan budgets.
If OPEC refuses, we should form a Food OPEC consisting of the United States, Canada and Australia.
I noticed the price of oil dropped before the 2008 election. It also dropped before the 2004 election. The time for this manipulation must end. Since “oil people” can’t control their greed, let’s go to a national system.
Is this too much to ask?
Every person we meet should be the source of a new exchange of values and ideas, without the fear of religious or nationalistic notions interfering with the meeting.
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