The Oil Industry Criminal Cartel

The Oil Industry Criminal Cartel

The falling price of oil — and gasoline prices, too — should lower inflation and lending rates, boost consumer confidence and could even influence whom voters chose in November's presidential election.

For motorists, it could mean oil prices under $100 a barrel later this year and deeper price declines at the gasoline pump. Already, the national average for a gallon of gasoline, which stood at $4.10 a month ago, was down to $3.83 on Friday, according to the AAA Motor Club.

Thirty-two years ago I asked a service station attendant for a gallon can of gas. My Volkswagen had sputtered dry a mile down the road. When he asked me if I had tripped the emergency gasoline supply, I nodded yes.

He explained in the last Venezuelan revolt the rioters had requested gas in small amounts to make Molotov cocktails.

Finally, I thought, a good reason for fossil fuels.

I was in the Andes Mountains to determine the potential market for tethered communication balloons. In Caracas, I was also working on windmill generated electricity delivered by underground residential cables.

My firm was doing marketing research on earthquake detection devices, anti-submarine surveillance, grain silo monitors and many other avenues. My favorite team examined the Bay of Fundy tides as electricity generators.

Two years after the OPEC Oil Embargo everybody with a brain in his head knew there was no future for fossil fuels.

Most politicians are well-paid shills for the special interests who have sat on technological progress for generations.

They are enemy combatants.