Hillary Clinton to extradite OPEC leaders to the United States?

Or something? The Politico:

Clinton’s attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries.

“We’re going to go right at OPEC,” she said. “They can no longer be a cartel, a monopoly that get together once every couple of months in some conference room in some plush place in the world, they decide how much oil they’re going to produce and what price they’re going to put it at,” she told a crod at a firehouse in Merrillville, IN.

“That’s not a market. That’s a monopoly,” she said, saying she’d use anti-trust law and the World Trade Organization to take on OPEC.

Let’s see: United States anti-trust law only applies in the U.S. of A. OPEC is based in Vienna, Austria. The closest countries to the United States that are members of OPEC are Venezuela, Ecuador, and Algeria.

Further, OPEC is fall from a monopoly, they only account for 41.7% of the world’s oil production. Total non OPEC counties count for more (58.2%), so let’s launch an anti-trust investigation into them.

The OECD (Organisation for Economic Co-operation and Development) which includes the United States, Canada, and Mexico account for 23.8% of world production. Don’t forget to investigate them.

And you know what OPEC would do if Hillary actually attempted this act of outright stupidity? Stop supplying oil to the United States.

She used to be a lawyer, right?

So much for the “world’s smartest woman”.

Leave a Reply

Your email address will not be published. Required fields are marked *