Wednesday, March 31, 2004

White House warns OPEC

CNN.com - White House warns OPEC - Mar 31, 2004: "McClellan did not directly respond to questions about why that strategy has not worked, but said the administration remains in constant contact with oil producers. 'We believe oil prices should be set by market forces in order to make sure that we have adequate supplies available. That's always been our view."

Memo to the Bushies: an industry cartel isn't what most people would call "natural market forces." That's why we have antitrust laws.

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