Bush is an idiot! Running right with him are the radial leftists. Between the two it's a wonder there is any gas at all...at any price.
Quote from bkveen3:
Admitting that headlines about war are driving crude prices and not supply/demand is admitting that it is speculation driving the market. The war itself did almost nothing to the supply of oil to the world market. Although Iraq has enormous amounts of oil under its feet its production pre and post war is an insignificant amount. The one thing that is true whether you agree with the war or not is that the country has a chance of being a major producer now. Before the war the infrastructure was barely able to keep up with current production. Hopefully with an influx of western money Iraqs vast reserves will start pumping oil into the worlds markets for years to come. Now... other than giving speculators news to trade on how did bush push prices up?
Quote from ken__0:
crazy facts
Iraqi oil pre war paid 5cents a gallon
now now they pay 65 cents and its imported from kuwait
and i encourage you to actually read previous post's
Quote from daddyeaux:
continually facinates me how the public thinks it has some sort of right to 2 dollar gas.
and the govenors of the east and west coast states refuse to consider drilling off their coasts
and God forbid that we allow drilling on public land in the west which is a desert blast furnace anyway or ANWAR which is a sheet of ice 10 months out of the year
and the Democrats want to NATIONALIZE the refinery business..
imagine the Democrats trying to run a refinery..
we'll see $7 gas before we ever see 2
I really dont care what the iea says or some lame news readQuote from bkveen3:
Well it just so happens this isn't about what Iraqi citzens pay for gasoline but rather how much Iraq contributes to world oil supply. Assuming that our commodities market runs on pure supply and demand (a far cry from the truth) it would stand to reason that in order for the war in Iraq to have created the ridiculous prices it would have had to disrupt a large supply of oil. I reason that this is far from the truth. Short article give it a read. IEA says your wrong.
http://www.huffingtonpost.com/2007/12/14/iraq-oil-exceeds-prewar-_n_76863.html