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by i_am_nomad
2822 days ago
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“In the end the only leverage USA has is its market. So if they give market to legal entities, cartels and violence associated with them will go away.” Oil is legalized in the US, yet a cartel has until recently dominated that market, and OPEC’s members certainly use violence to maintain their control. The only thing displacing OPEC now isn’t a free market, it’s local production. |
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Standard Oil, the Seven Sisters, the As-Is agreement, Texaas Raialroad Commission, National Producers, OPEC.
There are economic reasons.