What you fail to realise Loaf, is that America is buying its oil from a cartel, OPEC, which most oil producing Middle East countries form part. The reason to spend all that money on war with Iraq (US$150 billion) is to use a free flow of Iraqi oil to break the cartel. Iraq has a great enough daily production capacity to break the latest round of "agreements" between OPEC nations.Originally posted by Bandit LOAF
Oh, please, play Junior Conspiracy Theorist somewhere else.
Can you seriously claim, with a straight face, that the United States has secretly set up this situation as a method to get *oil*? You seriously think that we'll spend billions of dollars on a war and subsequent reconstruction in order to be able to be in a position to *BUY OIL*? Why don't we just spend these billions of dollars to buy oil from the dozens of other countries that are happy to sell it do us? Oh, wait, *WE DO*. What's especially crazy, though, is that not only do you believe all this crap, but you also believe that the United States is both smart enough to create this huge elaborate, dare I say insane, conspiracy but also too stupid to hide it from hippies?
Think about it this way, say Iraq is conquered and oil flows freely, the increased supply will drive prices down, from the current US$35 a barrel to say, US$30. Now that price of oil would attach itself to ALL oil produced in the world, give or take a dollar for geographical differences. That would potentially save billions in production costs each day to US companies, giving the faultering economy a kick start.
Now does spending US$150 billion sound so ludicrous? Also take into account the extra taxes received from the added profits of US companies, and it seems a new take on Keynsian economic theory.