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Marshall Jenkins a woodcutter from Culpeper Virginia wishes the government could feel his pain He owns one of the thousands of businesses that are feeling the pressure from rising fuel costs and was forced to retire his three-ton diesel shipping truck I just cant afford to run that truck Jenkins says of the 100 it costs to top off the tank and I dont feel right about charging more for a chord of wood Maier par 6With fuel prices at a record high people like Jenkins are wondering if the high prices are a result of high demand or simply the result of greed The latest information points toward greed Although it seems that the oil prices are out of control because of the lack of this resource there is no fuel shortage OPEC the leading oil organization is the key factor for the increase in oil prices First through the efforts of Juan Pablo Perez Alfonso Venezuelan government official who started the Organization of Petroleum Exporting Countries worked to control the oil market and successfully maintain that power Second The Department of Energys late 70s report on the oil market proves that OPECs greed manipulated the shortage Third the historical correlation between the shortage in the 70s and the late 90s confirms that OPEC will continue to use marketing techniques to their advantage The beginning of the Organization of Petroleum Exporting Countries OPEC under the direction of one of Venezuelas government officials Juan Pablo Perez Alfonso was the first step that a group of near east countries took to gain the power to counter the immense profit of the oil monopoly of the United States and Europe Juan Pablo Perez Alfonso realized the potential for profit through his observation of the practices of the US Texas Railroad Commission He studied the Commission with a focus on their planning strategies and noticed that before the 1960s the Texas Railroad Commission was dictating the oil market
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