Word: opec
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...proposal for broad new energy taxes, Michael Kinsley gets my vote for insight of the year [Dec. 22]. I don't like high gas prices any more than the next guy, but I would rather put the money to good use in the U.S. than send it to OPEC. The American people have demonstrated beyond a doubt that they can and will get by with less gas if there is a compelling reason in the form of a higher price at the pump. The enormous, unstated side benefit of Kinsley's proposal is a huge step toward energy independence...
...proposal for broad new energy taxes, Michael Kinsley gets my vote for insight of the year [Dec. 22]. I don't like high gas prices any more than the next guy, but I would rather put the money to good use in the U.S. than send it to OPEC. The American people have demonstrated beyond a doubt that they can and will get by with less gas if there is a compelling reason in the form of a higher price at the pump. The enormous, unstated side benefit of Kinsley's proposal is a huge step toward energy independence...
...proposal for broad new energy taxes, Michael Kinsley gets my vote for insight of the year [Dec. 22]. I don't like high gas prices any more than the next guy, but I would rather put the money to good use in the U.S. than send it to OPEC. The American people have demonstrated beyond a doubt that they can and will get by with less gas if there is a compelling reason in the form of a higher price at the pump. The enormous, unstated side benefit of Kinsley's proposal is a huge step toward energy independence...
...analyst at the Eurasia Group in Washington. "But this drop is driven by collapse in demand. Nothing is going to globally control that." The scale of the oil market, with multiple new producing countries and burgeoning new consumer markets around the world, puts it beyond the control of Opec. "The market will just be more volatile," says Priddy...
...Some are even proposing that the key to stability lies in cooperation between producing and consuming nations through the creation of a global fund that would be used to keep prices within an agreed target range. "I don't think Opec should continue to determine - or apparently not determine - what everyone pays for their oil," says Nick Butler, chairman of Energy Studies at Cambridge University's Judge Business School. A key objective, adds Robert Mabro, president of Oxford University's Institute for Energy Studies, would be to negate the impact of financial speculators on oil markets. "There is no logic...