Tumblr Icon RSS Icon

Clinton vs. OPEC

By ThinkProgress on May 5, 2008 at 10:44 pm

"Clinton vs. OPEC"

Share:

google plus icon

This Clinton campaign idea of somehow busting up the OPEC cartel not only seems impractical (how, exactly would this get done?) but it also bespeaks a real ignorance of what’s happening with the price of gas. It’s just not the case that the current price escalation is driven by OPEC-induced supply restrictions — all indications are that everyone’s producing as much oil as they possibly can. After all, with prices this high how could you afford not to pump as much oil as you could? It’s just that demand for oil is high and rising, so the price goes up.

‹ PREVIOUS
The Battle Continues

NEXT ›
Will Mac Be Back

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.