Stick up at the petrol sta­tion

Auckland City Harbour News - - OUT & ABOUT - ROB STOCK

Cars drink up wealth like my chil­dren suck down home­made le­mon­ade.

Which is why it is so in­fu­ri­at­ing to see OPEC, the league of big oil-pro­duc­ing coun­tries, com­ing up with a plan to cut oil pro­duc­tion by 15 per cent to drive up the oil price.

OPEC is a club of na­tions with a li­cence to ex­tract money from house­holds.

It’s a car­tel that doesn’t even try to be dis­creet.

If New Zealand banks got to­gether in a dark­ened room and made an agree­ment to lift mar­gins on mort­gages, peo­ple would end up in jail.

But OPEC is out­side of coun­try law, so they can thumb their oily noses at us.

Com­pletely in­su­lat­ing your­self against the pric­ing power of mo­nop­o­lies, oli­gop­ol­ies and ra­pa­cious busi­ness types is tough.

For­tu­nately, par­tial in­su­la­tion isn’t so hard.

For ex­am­ple, buy­ing a house in­su­lates you from land­lords and

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