House passes bill to sue OPEC over oil prices
Suing OPEC doesn't make sense. OPEC's "monopoly" forces world oil trade to be denominated in dollars. If OPEC should move off the dollar peg due to U.S. sanctions, the U.S. economy would be screwed even worse at this point.
Originally Posted by GTJIM
The 'best' way to bring gas prices down is to stop buying it.
|
I see the only solution being the elimination of the Federal Reserve (a private cartel—NOT part of the U.S. government). Then return to the People/Congress the power to create money. That would immediately end the devaluation of our currency, directly responsible for the escalation of gas prices.