Thread: oil price
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Old 22-05-2008, 22:43   #8
Royboy39
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Re: oil price

Quote:
Originally Posted by steeljack View Post
Absoutly nothing to do with OPEC .....oil is traded on the world market to the highest bidder , why should the Arabs or the Iranians sell the one commoditiy they have at a lower than market price ?, would you sell your labour for a lower hourly rate because you felt sorry for your Mercedes driving boss ?, think not .
And just what do the Arabs owe us in the west ? we have ripped them off since day one , going all the way back to the Balfour declaration and Sykes-Picot .
The biggest thieves have been the western govts. with their arms deals , selling useless defense systems and charging a 1000% premium on spare parts , charging $50 for 10 cent steel washers .
Who the the main speculators, is it the arabs, no it is the fat cat Americans.........We have had one on UK TV today....who have cash to burn.
You in America don't pay the same amount for petrol or gas , as you call it, as we do in the UK.
When you say 'Western Governments' who do you mean US or UK or UN?
Arms deals are are agreed between responsible governments and the deals are offered as a package.
Don't underestimate the terms and conditions of these contracts..they are binding and are signed by high ranking representatives of the country that will beneifit.
I am in favour of free trade but it comes to the point where you say 'We are being held to ransom' and what can we do to combat this.
The 10c washer falls into insignificance when you consider that more expensive equipment has to be provided as spares and has to be covered in the package.
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