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Originally Posted by Racoon
Oil will go up in price.
They are higher everywhere else in Europe and Americans have been spoiled for too long.
Iran war talk will raise the prices. Venezuelan politics will raise the prices.
High oil prices are good for at least one thing. Alternative fuels
India and China will be demanding more oil, as they modernize.
What effect on politics do you think this will have??  |
If I remember right Europe has two things promoting the higher cost, more tax paid per liter, and not much oil under ground.
I think a primary drive in the high prices is stock speculation. It is artificially high because of this. And this will also insulate the oil companies from being charged with 'gouging'.
As far as the effect on politics there is potential for the oil interests to lose part of their influence in washington as voters themselves can begin to look at what costs to them the current practices have resulted in. But that is contingent on the collective memory, the spin put on the issue, and how well the people who will be trying to usurp the powers that be present their side. It will also be helpful if the upcommers have a history of being right, being involved, and are willing to go to the mat with the inevidible mud-slinging.
There is already some distance being put between the current administration and the people who have an election in the future.
