More on the Oil Front: Subsidization By Country

Something else to factor into the high price of oil: government subsidization. Much like Big Pharma and high drug prices being borne by individuals in THIS country (as well as others, but not many), oil is going through pretty much the same thing--more affluent countries paying more per citizen, while smaller, less affluent countries paying less because they're being subsidized by governments.

Like Big Pharma and the "we-pay-for-research-and-development" scam here in the U.S., we're also paying for the "research and development" of oil resources too through UNSUBSIDIZED oil and gas purchases.

To give you examples of how drastic the swing in prices can be per country, I include some links here, here, and here (a video segment) for your perusal. Oil-producing countries pay the least (presumably to avoid civil unrest), while the biggest users pay the most. THERE IS NO CHANGE IN OVERALL GLOBAL DEMAND OR SUPPLY, ONLY THE AMOUNT OF SUBSIDIZATION, SPECULATION, AND CURRENCY WORTH.

If the gas playing field ever were to level out, meaning everyone paid their full share at the pump, prices would drop for the highest payers while climbing for the lowest payers. This is the same for food, drugs, and everything else that has global reach.

Update: Just for fun, I took the highest and lowest paid price per gallon (London @ $7.03 and Bagdad @ .05) and averaged them--it came to $3.54/gallon, which sounds like a fair share global price to me...if only everyone paid his fair share. Perhaps it's time for some civil unrest HERE!