I think this is a new term that we could stand to start spreading around - CONFLICT OILI hear a lot about "conflict diamonds", "conflict gold" even "conflict ivory". Basically these are pillaged commodities that are for sale around the world and whose sale and profit go to fuel war and enrich those waging it.
Clearly oil is a commodity that is sold around the world and whose sale fuels war and enriches its practitioners.
So, I hereby propose that we let people know that they are filling their tanks with CONFLICT OIL. Remind them where it comes from and who it enriches.
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Just a little reading:
http://www.kiplinger.com/retirementreport/features/Cover_May2005_01.html-snip-
Oil Stocks Pump It Up
Big oil companies, flush with cash from soaring oil prices, continue to attract conservative investors.May 2005
OIL PRICES HAVE had a terrific run-up over the past year, reason enough to wonder whether it’s too late to hook a ride with oil-company stocks. If you already own such stocks, you may be concerned that the party is nearly over. Our view: It’s not too late to buy into the oil boom, and there’s no rush to sell. The world is still guzzling nearly all the oil pumped out of the ground, which will underpin the commodity’s high price for years to come......
And A New Graphic: