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The Oil Card: Global Economic Warfare in the 21st Century Paperback – July 22, 2008
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"James R. Norman says in The Oil Card that the price you pay at the pump is not determined by the free market." —theepochtimes
About the Author
James R. Norman is a veteran business journalist and energy reporter. He is currently a contributing writer for McGraw-Hill's Platts Oilgram News. He has also written for Forbes, BusinessWeek, and the Ann Arbor News, where he won an award for investigative reporting on an oil and gas scam. He lives in New York City.
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So the market price is the price that must be charged, to maximise your sales and your profits. If you charge too high, less sales, and not enough profits. If you charge too little, those who supply you with the fruit, will go to someone else, who pays more.
In this book it explains why oil is not at market price. A report was given to Ronald Reagan on how to destroy the Soviet Union. Their main export was oil. So if the United States could make the price on oil low enough, the Soviet Union would collapse. But how can you make the price of oil less than it should be. In the 70s the price of oil skyrocketed. Therefore their would have been stockpiles of oil.
The U.S. would simply get rid of their stockpiles, making the price of oil, less for the time being. Once the Soviet Union went bankrupt, the price of oil, went way up. So why is it so high now. Because, China's currency is undervalued. Because it is undervalued that's how they can export more than they import. But China is affected more by the price of oil than the U.S. Its been used as a bargaining chip, that if they will make their currency what it should be, the U.S. will stop playing this oil game.
Mitt Romney said if elected he would do 5 things. Two of them were no more dependence on oil, and to impose the trading rules on China. Romney understands that these two go together. So now you know why oil is so highly priced. It explains other aspects to this whole big issue.
It verified some of my opinions and changed several as well.
Von Claus is military commentator and philosopher. (Hopefully I spelled his name right.) He stated once war is just an extention of politics by alturnative means. At some point we will have name for economic welfare; but if you think about it maybe not, history full of examples of economic conditions driving events. This book spells out the logical next step of war and politics, which is using economics to drive foriegn policy, and by active manipilation of economic factors to achieve a goal.
I enjoyed book. I am debating about keeping it my collection.