President Bush on Tuesday urged Saudi Arabia and other members of OPEC to consider the strain the high cost of oil was having on the American economy, addressing an issue that has begun to color the last year of his presidency and dominate the presidential election campaign. (New York Times, Wednesday)
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. –Adam Smith
FEE Timely Classic
OPEC Sells Us Oil Because It Likes Us? It Just Ain't So! by Jerry Taylor