leverage (was Re: Bina on Iraq)

[s-t-t at juno.com]

Doug wrote:
> I'm not an economist, but I think Bina is right about the oil market
> - it's a mostly competitive market, not one with administered prices.
> I think he exaggerates U.S. economic decline, but that's my
> particular bete noir. And he doesn't have much to say about the
> political angle - U.S. desire to have a chokehold over world oil
> supplies, to exert control over Europe, Japan, and increasingly,
> China.

Seth asked this before in a different thread, but...

How could such control be exerted in a competitive oil market?

-- Shane

________________________________________________________________
Sign Up for Juno Platinum Internet Access Today
Only $9.95 per month!
Visit www.juno.com