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July 2, 2009

Rabbi Abraham J. Twerski: The hallmark of a person

Abe Novick: Up, up, and aliya

July 1, 2009

Rabbi Avi Shafran: The Road Taken

The Kosher Gourmet by Marialisa Calta: Get into the holiday spirit with these Star-Spangled desserts

June 30, 2009

Rabbi Binyomin Ginsberg: What makes a great parent?

Caroline B. Glick: Ideologue-in-Chief

June 29, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Beware of 'Caveat Emptor'

Steven Emerson: ACLU pushing for more money for Hamas

June 26, 2009

Rabbi Yoni Posnick: Learn the secret to a healthy marriage from a scriptural villain

Caroline B. Glick: Barack Obama vs. International Law

June 25, 2009

Rabbi Shimon Apisdorf: The Absurd Power of Truth

Jordan "Gorf" Gorfinkle's strip: Everything's Relative

June 24, 2009

Rabbi Yonason Goldson: Advancement of technology is a wake-up call for humanity

The Kosher Gourmet by Andrea Weigl: Summer on a stick: Making frozen treats can be easy, creative and fun

June 23, 2009

Martin M. Bodek: 'On Surnames': And so, We Begin

Caroline B. Glick: The Obama Effect

June 22, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Working for a corrupt firm

N. Richard Greenfield : Where are American Jews?

June 19, 2009

Rabbi Abraham J. Twerski: Emotion v. intellect

Caroline B. Glick: Israel's rare opportunity

June 18, 2009

Jonathan Rosenblum: Sometimes it is more essential to define the nature of evil than good

Jordan "Gorf" Gorfinkle's strip: Everything's Relative

June 17, 2009

Rabbi Yonason Goldson: The Language of Confusion

The Kosher Gourmet by Linda Gassenheimer: Nothing pleases Dad more than a thick, juicy onion-smothered steak. Add home-Baked Potato Chips and …

June 16, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Career v. Careersism

Caroline B. Glick: Obama's losing streak and Israel

Richard Z. Chesnoff: ‘Palestinians’: Never Missing an Opportunity …

June 15, 2009

Israeli Prime Minister Binyamin Netanyahu: How Judea and Samaria can become 'Palestine'

Daniel Pipes: Where Netanyahu's speech failed

June 12, 2009

Rabbi Abraham J. Twerski: Some big thoughts about not acting so big

Caroline B. Glick: Obama's High Commissioner

June 11, 2009

Victor Davis Hanson: Our historically challenged President

Mitch Albom: Beware the True Believers

Lewis Grossberger: What we learn from the new Hitler photos

June 10, 2009

Mort Zuckerman: What Obama and his advisors won't -- or refuse to -- grasp about Israel and the Muslim world

The Kosher Gourmet by Steve Petusevsky Lotsa pasta: Tips, techniques and (amazing) taste

June 9, 2009

Anne Bayefsky: Obama's stunning offense to Israel and the Jewish people

Frank J. Gaffney, Jr.: America's first Muslim president?

June 8, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Merchant must take responsibility for careless shopper?

Mark Steyn: A superpower that feeds on mediocrity cannot survive for long on leftovers from the past

Richard Z. Chesnoff: How do you say 'kumbaya' in Arabic?

June 5, 2009

Rabbi Abraham J. Twerski: In quest of spirituality

Caroline B. Glick: Obama's Arabian dreams

Charles Krauthammer: The Settlements Myth

June 4, 2009

Paul Greenberg: The War Comes to Little Rock

The Kosher Gourmet by Judy Hevrdejs: Splash it on! Tap your inner jazz musician and improvise when stirring up a vinaigrette

June 3, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Q. Should terrible teacher be exposed?

Jonathan Rosenblum: The Israel Lobby: Missing in Action

June 2, 2009

Dennis Prager: The Speech President Obama Won't Dare Give in Egypt

Frank J. Gaffney, Jr.: Pressure on Israel raises war risk

Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review April 25, 2006 / 27 Nissan, 5766

An oil conspiracy so vast

By Rich Lowry


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http://www.JewishWorldReview.com | The cackling oil executives have returned. They are the guys who sit around corporate boardrooms and decide how high the price of gas will be at the pump, rubbing their hands greedily and emitting squeals of Mephistophelean laughter all the while. These executives exist only in the imaginations of economic demagogues, but that doesn't make them seem any less real to Americans who are gripped by petroleum paranoia every time they don't like the price of gasoline.


How powerful and resourceful must be the cackling executives? Boundlessly. Iranian president Mahmoud Ahmadinejad might strike most observers as deeply irrational, unworried about possibly prompting a nuclear exchange one day in the Middle East. But this interpretation misses the true measure of the man. Oil executives apparently have his ear: Why else would he do them such a huge favor by driving up world crude prices with his nuclear crisis?


Once you're clued in to the alleged power of the cackling executives, their influence extends everywhere. With al-Qaida — its threat against Saudi Arabia keeps the world market good and jittery. With rebels in Nigeria — who maintain they are fighting for the rights of the Ijaw tribe in the Niger delta, but whose guerrilla war conveniently disrupts Nigerian oil production. With Chad — the corruptly governed African nation that is threatening to cut off its production in a dispute with the World Bank.


This is all on the supply side of the price equation, but world demand matters, too. Chinese Premier Deng Xiaoping must have been just as concerned about Texaco's profits as the economic well-being of his country-men when he launched China's market revolution 30 years ago. The resulting economic growth means that the country is slurping up ever-more oil — and driving up world prices, in a benefit to you-know-who.


Surveying all the forces in world politics and economics that play into higher prices at the pump, it puts retiring Exxon-Mobil CEO Lee Raymond's otherwise outlandish $400 million retirement package in perspective. Isn't that only fair compensation for devious international chicanery that surely required deft management skills and occasionally working in the office on weekends?


Then there's the cackling executives' most inspired manipulation of all — the change of seasons. Without winter turning to summer, there would be no need to make the shift-over in seasonal blends of gasoline, with the inevitable pinch in supply that comes with it. Cato Institute energy analyst Jerry Taylor points out that there is a price-gouging debate every spring when refineries make this switch and prices bump up. This year the disruption has been compounded by refineries switching from using the environmentally suspect methyl tertiary-butyl ether as an additive in gasoline to using ethanol, which is hard to transport from the Midwest to the coasts. The story of how the cackling executives managed this one is too complicated to relate, let alone their secret alliance with environmentalists to limit domestic supply and thus prop up prices further.


Of course, there is a less seductively simple explanation of rising gas prices than that a handful of oil executives have planned it. In a world market, prices will go up and go down, and the forces that play into those trends are large, complicated and mostly uncontrollable. The foolish conceit of our politics is that the oil market works only when prices go down. When the prices go up, it's a scandal. So Speaker of the House Dennis Hastert and Majority Leader Bill Frist — showing either a dismaying attraction to the moronic or a desire to pretend to have such an attraction — have called on President Bush to investigate price gouging by the oil companies.


Maybe such an investigation will unravel a vast conspiracy of cackling executives, and the Federal Trade Commission will have to raid those corporate boardrooms to restore world crude-oil prices to their natural, low equilibrium. Such, at least, is the fevered dream of the petroleum paranoiacs.

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© 2006 King Features Syndicate

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