bud68
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Gee, you're funny. |
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Max
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They can't. They are not the government of the world, more of a meeting place for governments to tell everyone else what they plan to do.
If they could, this would not be a good thing. Setting price controls always sounds good but turns out bad. Look at New York City housing. Rents are controlled so some people get very low rent. Not everything is controlled though because if it was, the landlords couldn't afford to rent apartments. So the apartments that are not controlled are ridiculously and artificially expensive. If the free market were the case instead, prices would be in some middle ground.
Similarly, if oil prices were kept below market price, demand for oil would increase since it would be cheaper. Oil companies would make less profit and probably not bother increasing supply since they aren't making much money. The end result would be oil shortages due to higher demand and less supply and you would end up being very limited in how much gas or heating oil you could get.
In other words, something, somewhere has to give. You can't just lower prices and expect that it won't have some other effect. |
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sniper
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As bad or as high as oil prices have gotten, they still aren't to high for us to keep buying. We could have a huge impact on the cost of oil if we cut down on unnecessary driving. As far as the UN controlling the cost or the government, we're better off letting free enterprise live without the gov. killing it with control. |
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Colter B
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Inflation and oil are not really related. Oil is in demand since China, the USA and other developed countries consume so much and there is only so much since we aren't allowed to drill an all areas.
The dollar is not based on anything other than the governments' promise that it is, it is not based on anything real like gold or silver.
The oil is getting more valuable and the dollar is becoming worth less.... that means we are going to higher prices from two angles.
History has shown many times, artificial pricing and artificial economies do not work. If you keep prices low artificially, you pretty much ignore the lack if it. People then buy more than they really need and use more than they need since it is so cheap and you therefore only increase the problem. The UN is not the solution. |
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Tunsa
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Inflation isn't caused by the price of oil. The price of oil is increasing because the dollar is getting weaker. As the dollar gets weaker, everything starts to cost more, including oil.
There are lots of theories about why the dollar is getting weaker, but, in essence, the people in the world who invest in currencies have decided that they are less interested in buying the dollar than they are interested in buying other currencies, like the Euro or Yuan. Since less people want to buy the dollar, the dollar has less value (supply/demand).
A high national debt, low consumer confidence, and a low interest rate all contribute to a weak dollar and eventually to the inflation of prices.
Having said all of this, the UN doesn't have anything to do with setting prices or monitoring the value of currencies. Currency is monitored through the World Bank, and prices are mostly set via a free market economy. |
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Greg S
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The UN is not the government of the world, and are definately not in charge of OPEC. |
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maker b
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No the UN is not a government, just a body where most countries meet.
If they even tried to set a price it would only make demand go up more and cause a backlash by those that produce the most. In other words price would go higher and there be less product. Look up the oil crunch from the 70's. |
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ju_ju_bees
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Because the UN is an Eunuch ! |
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Andy
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I have a bad feeling that everyone in OPEC is producing as much as they can regardless of their country limit and that includes the Saudis.
^^^Less supply then anyone really knows = more cost
The Saudis are the only OPEC producer that likely has extra in the ground but their reserves are a state secret. |
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allen2462001
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Lets think and ponder this one a bit.... I feel confident in the following that our elected leader is discussing that right now with the Saudia's and various other countries, what better way to make the path for the gop ... just as closer to the primary .. gas should fall.... and we are in many ways the government... and I say the enire govt.for the world... who gets hurt the most by the high oil more than us... |
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