10.23.2006

The power game.

(TomPaine.com) -- What we’re seeing in the oil markets right now is a chilling demonstration of the mutual and constantly converging interests of oil and state in the U.S. In other words, it's not a conspiracy—it’s the gasoline market, which is an oligopoly, recognizing that its collective self-interest lies in more Republican rule. In the current election cycle, the Center for Responsive Politics reports that donations from the oil industry and its employees are running 83 percent in favor of Republicans, which is the most pronounced slant by the oil industry—and possibly the most pronounced in any industry—ever. Clearly, they know which side their bread is buttered on, and can take actions to protect those interests.

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