The Gulf oil spill is producing two crises. The obvious one is the disaster with coastal fisheries, but it poses an ideological crisis as well. For liberals, government is supposed to be the solution to all problems. The oil spill is a big problem. So if the government is impotent in solving it, what does that say about the possibilities of government? If the oil spill is a problem that government cannot solve, might there be other such problems? That thought is too horrible to contemplate
The reason why the Americans, Europeans, Japanese and others who buy oil want the price of oil to go down is that their economies would benefit if it dropped. The Saudis, Mexicans, Norwegians, and others who produce oil would like the price of oil to rise, because their economies would benefit if it did. Clearly, it is not so much about the price as it is whether you are buying or selling, and most importantly, how much.
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