127 blog reactions to http://www.politico.com/blogs/bensmith/0508/Clinton_OPEC_can_no_longer_be_a_cartel.html
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Economic War Between OPEC and the U.S. Financial System
there is a serious systematic attack on OPEC underway in U.S. politics. A year ago Ed Koch, the former mayor of New York, called for more legislative and presidential action to take on OPEC in the Jewish World Review. In May Hillary Clinton said OPEC 'can no longer be a cartel'
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Saudis Think Gas Too Expensive
One sign of the Saudi anxiety: The country's oil production decisions, usually left to its oil minister, appear to have been put back in the hands the Royal Family, according to Antoine Halff, deputy head of research at brokerage firm Newedge. I guess Hillary was right. (Did I just say that?) I guess they are a cartel whose very whims on prices put us at their mercy. Let's hope the Royal Family steps in and pushes down those prices.
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Crude Hypochondria
t seem to recognize our own perceptions as part of the diagnosis. While President Bush chose the once-proven method of courting the Saudis, presidential hopeful Hillary Clinton chose to threaten them and vowed to “go right at OPEC” if she is elected president. Clinton said of the OPEC influence on oil prices, “That’s not a market. That’s a monopoly.” There’s a fundamental flaw to this thinking; it’s their oil, not the world
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IMAO
Posted by Harvey at 01:07 PM "With this hand I will bitch-slap OPEC into submission" Hillary is threatening OPEC with... anti-trust laws. Not bombs, tanks, missiles, or the most fearsome Army ever to kick up the dust of conquered nations, but word-spattered pieces of highly ignorable paper. Utterly pointless
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Slublog - Changing the World, One Rant at a Time
Hillary: I Will Smash OPEC Drudge's headline made me create this: Here's what she said.Clinton's attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries. "We’re going to go right at OPEC," she said. "They can no
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ResurrectionSong
‘Well Pat, can you explain this to me?’ ‘You’ve been accused of wizardry,’ [he said]. Wizardry?” he asked. In a day of mind-boggling stories--prison priests sexing up the inmates and Hillary promising to break up the evil oil cartels, for instance--this is far from the worst or most important story of the day, but I’d be hard-pressed to find another that stumped me quite so effectively. Wizardry. And, apparently, someone was serious about that accusation over a simple magic
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Dorfster
Yesterday Hillary Clinton vowed to break up the Organization of Petroleum Exporting Countries (OPEC), which she declared an illegal monopoly. How would Senator Clinton bring OPEC to its knees and force it to lower oil prices? With the Air Force? Marines? The threat of nukes? No, Hillary promises to rip OPEC apart with the aid of
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I am against Fad Politics
My high school history teacher posted this on his blog: New from Hillary Clinton “That’s not a market. That’s a monopoly,” she said, saying she’d use anti-trust law and the World Trade Organization to take on OPEC. source I am sure after they stop laughing they will of course take her seriously. OPEC is not an organization that is going to care about what the WTO says, and they really will not care about an anti-trust action in the U.S. Just imagine if such an action
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Hillary vs. OPEC
So Hillary Clinton has decided to direct America's oil-price frustrations at OPEC. It's a reasonable political move, I suppose, since the cartel does perform a great deal of supply-side manipulation of the oil market. It's also a natural progression when you've burnt out on blaming oil companies and their "obscene profits" (which
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Little Bites of Point
58 days ago · Authority: 18Corn futures surge near record after crude oil's rally past $122, rain threatens US plantingGoldman's Murti Says Oil `Likely' to Reach $150-$200Bernanke Urges Action to Slow Jump in U.S. Home ForeclosuresClinton: OPEC 'can no longer be a cartel'Buffett Says Bond Insurers Don't Deserve AAA RatingBank of America May Not Guarantee Countrywide's Debt'Rogue Operation' Spurs Further Bailout CallsBernanke Urged to Do More to Ease Bank Funding Costs