Originally Posted by remdog
Please explain your comment vis a vie FTAs.
Okay, and this is just a random query, nothing I've given much thought to (which will rapidly become apparent as you read this
Through free trade agreements, the USA has made it more profitable for companies (noth foreign and at home) to produce goods in other countries for import to the USA. If there is an increase in production out in these other countries, particularly "Third-Worlders" (Cambodia? Taiwan?), you have to create infrastructure to support it. That means industrialization... greater industrialization means greater reliance on oil. Which means these other countries are taking oil supplies that were once surplus when the USA was the real "superpower consumer" of the black gold.
Greater demand = higher prices. So if our FTAs contributed to the increasing industrialization of other countries, then we have ourselves to "blame" for higher prices at the pump.
Addendum A: I'm not saying that improving the quality of life in other countries via industrialization is a bad thing, or that we should "keep them living in their mud huts so we can have cheaper oil... viva le Americana!"
Addendum B: I'm also not saying that I really have any inkling what I'm talking about. Just making random, wild, spitballing guesses that those who know more about the subjects will probably thoroughly debunk.