Crude Oil Prices: What is the economic effect? | Made in Germany
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Do lower crude oil prices stimulate the global economy? Will low gasoline and heating oil prices increase consumption, or will the economic impact be a largely negative one? Our studio guest Claudia Kemfert of the German Institute for Economic Research (DIW Berlin) tells us more. Find more from Made in Germany on http://www.dw.de/program/made-in-germany/s-3066-9798
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World political/financial manipulation is spelled, OPEC. Yes we allow these third world countries to dictate to our government, yea the world what we all will pay for energy. REALLY? I am no politician by the grace of God, but I do have my fair share of common sense by the grace of my parentage. To hold an equality, a balance if you will to eliminate someone having total control over another, a counter organization/administration/gang is formed. One would certainly think that with all of our bureaucracies we would have come up with this a long time ago...Association of Free World Petroleum Countries? Organization of Petroleum Economic Equality? Yes- OPEE. I am simply thinking out loud as to why, why, why we allow these Middle Eastern countries to dictate world oil economics...?...Perhaps so many do not understand the dire importance of the energy sector as an economical stability point in the world, the jobs(directly, collaterally, and trilaterally-etc.). OPEC is filled with collusion and corruption. Oil is a "fungible" commodity, meaning it can be resold among buyers, which means OPEC states have no control over where their oil is ultimately delivered once sold. It just seems to me that all of this can be counter controlled by the initialization of a check and balance system by free world countries to not be manipulated overnight by the whims of fanatical economic warlords.
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