[lbo-talk] War about oil?

Doug Henwood dhenwood at panix.com
Mon Apr 12 06:41:50 PDT 2004


John Thornton wrote:


> Good guys wouldn't blockade France (a NATO friend) but telling
>France we won't sell them cheap oil could be spun as "just
>business", a much easier sell at home.

Who are the "we" that would refuse to sell France "cheap" oil? Oil is traded on international commodity markets, populated by suppliers small and large, including some French ones. It's the classic fungible good. How could "we" selectively gouge the French and not the Brits?

Doug



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