Where was this Guy?
Sometimes I have a hard time figuring out the reasoning power of certain people and their ability to look stupid in an international forumn. Here is a great one.
The headline reads: India's Finance Minister Accuses OPEC of Rigging Oil Prices. Really, now. I thought everyone realized that the PURPOSE of the OPEC cartel was to manipulate oil prices. That's why they are called a Cartel!! I am thinking I am now getting old enough to see people who are either younger than me or have very short memories making really stupid statements. Where was this guy when they formed OPEC? Or where was he the day they taught the lessons at school in his formative years on how cartels and monopolies work.
Here is a news flash Mr. Chidambaram, OPEC was formed to control oil prices!! They are the Organization of Oil Exporting Countries. They control prices by limiting output which causes prices to go up.
For those of us who are too young to have learned the purpose of OPEC from reading the news when they formed, you should still be able to figure it out from reading the news today about what they do. Remember your history classes and economics classes? Cartels are entities who group together to form a "virtual" monopoly for the sole purpose of controlling markets. Doesn't have to be prices they control. Monopolies and cartels can control who gets what and when they get it as well.
Darn. I was going to post a couple of links but I am typing this on my new computer. It has Linux on it. My choice. I intend to learn all I need to know about Linux so I can avoid another monopoly . . . Microsoft.
Not a big deal, I need to configure Firefox to allow cut and paste for the domain I use for creating these pages. It is a "protection" that apparently is necessary to prevent something. I am not sure whjat it is intended to prevent, but today it prevented me from pasting in a few links for you. Trust me, I will get this thing configured as soon as I figure it out.
Later.
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