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OPEC and gas price
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Posted by Will on April 01, 2004 at 05:28:39 from (209.163.99.67):
I don't get it. Everything I sell the buyer tells me what he will pay for it. Corn, beans, milk, etc. We are the biggest buyer of oil and they tell us what we must pay. It is illegal in this country for two or more companies to set prices, yet OPEC can get together and hold us hostage for oil. We should immediatly start drilling in Alaska, look for more off shore oil (the threat alone would help), and start using our researves. Then tell OPEC what we will pay for oil. When their reserves start to build up they will meet out price or at least be willing to negotiate.
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