I’d love to see OPEC gone. The only problem is, Hillary (not her, not anyone) could do it.
Clinton’s attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries.
“We’re going to go right at OPEC,” she said. “They can no longer be a cartel, a monopoly that get together once every couple of months in some conference room in some plush place in the world, they decide how much oil they’re going to produce and what price they’re going to put it at,” she told a crowd at a firehouse in Merrillville, IN.
“That’s not a market. That’s a monopoly,” she said, saying she’d use anti-trust law and the World Trade Organization to take on OPEC.
Now, from what I understand, anti-trust laws would be very difficult to use against countries – so that idea is as stupid as you’d expect. As for using the WTO – I don’t think the WTO deals in energy, correct?
It’s a potent message, like the attack on “Wall Street money brokers,” with deep roots in American politics. It’ It’s also very hard to figure out what exactly she means by the threat to break OPEC.
Er, she doesn’t mean anything. It’s just more populism from the Hillary campaign designed to appeal to an electorate that largely doesn’t know any better, with nothing to back it up. Welcome to the Clinton fantasy world or, as we call it around here, Tuesday.