Re: oil crises

To: PEN-L@xxxxxxxxxxxxxxxx
Subject: Re: oil crises
From: Aldo Balardini <054652@xxxxxxxxxxxxx>
Date: Mon, 8 Mar 2004 20:05:59 -0500

Devine: 
How do you define the price of oil? Cyrus Bina is the only one so far to have attempted to explain the 1970's oil crisis using the standard interpretation of Marx's theory of rent.  Do you agree with Bina that cost conditions in the US, the highest cost region in the international oil, determine the the "world" price of oil?

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Thread context:
- Re: Capitalism versus socialism, (continued)
  - Re: Capitalism versus socialism, "Chris Doss" Tue 09 Mar 2004, 12:40 GMT
- Re: oil crises, Aldo Balardini Tue 09 Mar 2004, 01:16 GMT
  - <Possible follow-up(s)>
  - Re: oil crises, Devine, James Tue 09 Mar 2004, 04:56 GMT
  - Re: oil crises, Aldo Balardini Tue 09 Mar 2004, 14:03 GMT
    - Re: oil crises, Doug Henwood Tue 09 Mar 2004, 14:46 GMT
      
      Re: oil crises, Carrol Cox Tue 09 Mar 2004, 15:17 GMT

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