Hillary Mistakenly Calls OPEC A “Monopoly”
“[OPEC] can no longer be a cartel, a monopoly that get together … [and] decide how much oil to produce.” – Hillary Clinton pandering for votes.
Yes, Hillary Clinton is still trying to blame a boogeyman for the fact that, despite all the promises during the 2006 election, her fellow travelers in Congress have not delivered on their “plan” to lower gasoline prices. It can’t possibly be that there never was a plan or that they had a plan that didn’t work. Oh, no – it has to be that “monopoly” called OPEC.
Only problem is that OPEC is not a “monopoly”. A lot of the world’s oil comes from non-OPEC members. The production figures from February 2008 tell the truth:
OPEC: 37.09 (42.8%) Million Barrels Per Day
OECD (including US, Mexico, Canada, etc): 19.87 (22.9%) Million Barrels Per Day
Non-OECD/OPEC: 27.87 (32.2%) Million Barrels Per Day
Total: 86.94 Million Barrels Per Day
Wow! How can a group of countries that have only a 42% market share when combined be a “monopoly” which is defined as “exclusive ownership through legal privilege, command of supply, or concerted action” or “exclusive possession or control” or “a commodity controlled by one party”.
Senatorette Clinton to say you are stuck on stupid would be an understatement. And any of you out there that actually applaud her and believe this crap she spews are even worse. To quote Obi Wan Kenobi, “Who is more foolish? The fool or the fool that follows him?”
Answer the fool that follows.
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