I believe that oil subsidies are what enables this global blackmail. I've heard it argued that only because the price of oil is "low" on the scale of other commodities, and that oil has an unaccounted for, future cost, that huge cargo tankers are feasible. These huge cargo transport ships move the cheap goods produced for pennies per widget on the opposite side of the planet to Western markets.
Truly "Free markets" would require an honest accounting of a resource's true cost, in monetary terms, that includes the impact on the commons, both locally where the items are produced as well as where the item is sold.
Free markets supposedly work only when the players have accurate information. Ignoring future ecological costs of a resource is short-sighted, and may make money in the short term, but is foolish in the long term.
If it is the responsibility of the government to enforce the free flow of information in the market via the SEC and the anti-monopoly arms of the government. The SEC is mandated to do this even if the market resists, or does not want to hear this information.
Of course since the oil companies pwn us right now, by way of their proxy veepee cheneybot and their muppet president, we wont see any change until 2006, and the big oil companies have budgeted plenty of filthy oil lucre to buy whomever wins in 2006 and 2008. (D) or (R)
One happy camper:
Profit Soars at Exxon Mobilhttp://www.washingtonpost.com/wp-dyn/content/article/2005/07/28/AR2005072802085.html