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Thread: OPEC Reduction
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Old 04-05-2023, 06:57 AM
Vermilion Villager Vermilion Villager is offline
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Quote:
Originally Posted by Battlebasset View Post
If you rely on other countries for a commodity that has no substitutes you are subject to their whims.

The solution? For commodities that are crucial and have no substitutes, figure out how to mine/drill/process them domestically. That puts you in the driver's seat, and potentially drives the price down. It also reduces the money they have available to fund bad things, like terrorism and war.
Why do people keep going there?
If I or any one of you had stock in an oil company and found out the Board of Directors authorized the sale of our oil at a reduced rate instead of putting it out in the open market… There will be a new Board of Directors. Bottom line oil is a worldwide commodity and the only way you control it.....is by not using it.