Quote:
Originally Posted by Silvy
Crude oil is traded on an international market.
The US will need to import more oil, and so worldwide demand rises. (without siginificant increase in production)
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I'm talking about Katrina. Why would we need to import more crude and therefore affect global prices, which is what ryfo was suggesting? The reality is Katrina has temporarily reduced our consumption by taking people off the roads and slowing the pipelines. Our refined goods demand is way up, due to fear and reduced supply but how does that affect the crude market?
Maybe we need other sources. Are other people outside the U.S. being told Katrina is affecting their gas prices?
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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195
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