Update: Welcome all readers of Wake up America, and Faultline USA. And thank you for stoping by. While you are here, make sure to check out the rest of my rantings, and ravings. Again Thank you for stoping by.
Today, our cough-elected-cough, House of Rep’s decided it would be a good idea to bring a bill to vote on , that would allow our own Justice Department to go after those evil, cave-dwelling, moron’s who run OPEC.
WASHINGTON (Reuters) – The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.
Hooray !! Let’s go after them. Let’s stick it to them. Let’s bring those cave-dwelling pimps to justice.
Sounds all good and dandy, right folks? Wrong. On all sorts of fronts. But, let’s look at the two issues that are really causing this problem.
The War. And the coming war against Iran, if the cheerleaders get their way. Having instability over in that part of the world does not help at all. So, let’s not get our emotions high on this. And even if the American Justice Department, had the jurisdiction of the world, you think you have high gas prices now. Wait till that happens.
Oil is priced in dollars. So just to maintain the status quo, oil exporting countries must charge more for their oil to offset the lost revenues caused by the dollar’s decline. Indeed, of all the markets that rise when the dollar falls, oil and energy are the largest and potentially most powerful.
So, who really should our beloved Justice Department go after? The Federal Resere. But this is an election year, and the idiots over on Capital Hill want to show you, how tough they are on those evil people who own OPEC. When in fact they should be looking at their own stupidity.