Quote:
Originally posted by rcecale
Damn, and all this time I thought we went to Iraq just to get their oil so we could have cheap gas!!!
Randy
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That was supposed to be one of the benefits of invading Iraq, ie. "liberating" the 2nd largest known supply of oil from an unpredictable tyrant who could disrupt the supply and effect prices, etc...
It was considered a vital security issue for the U.S., the unfettered supply of oil from the ME. And it is, as long as our, (and the world's), economies are held hostage by oil as an energy supply. Unfortunately, the architects of the current situation have an uncanny knack for being wrong about 99% of the time and their adventure has had about the opposite effect as planned in all areas, including the supply of oil.
The current, unprecedented run-up in the price of oil is being caused almost exclusively by
the fear of disruption in future supply, as opposed to any actual shortages. This is a new order, (and unbelievably profitable for oil companies and nice Arab countries), this situation simply did not exist before the botched Iraq invasion/occupation. Even after 9/11 or the Afghanistan war, nothing like this.