“How the U.S. Can Break OPEC” by John Hofmeister
Wall Street Journal
The U.S. and global economy has been all but crushed by the cartel pricing power of OPEC) for far too long. Worse than a consumption tax, high oil prices, because of our current dependence on internal combustion and compression engines using oil products, have been a burden for decades. The perpetrators of the cartel force U.S. and global consumers to pay not only for oil but for the costs of social welfare, such as it is, infrastructure and military capability in their respective countries.