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Jay Honeck wrote in news:1194466141.514812.211060
@z9g2000hsf.googlegroups.com: The worst part is I dont see any end in sight. Yeah, it's pretty funny when the Left cries that we're "In Iraq only for the cheap oil!" Damn, if this is the "cheap" oil, imagine how bad it would be if we hadn't taken out Saddam? Oh, well. High gas prices should really help Light Sport sales, with those tiny little engines sipping 4 gph... Do you really think our role in Iraq currently holds any positive impact on the price of oil? The price of oil right now is driven totally by near-monopolistic supply and demand curves. They raise the prices during holidays and higher usage periods (like the first cold week of winter) to reap the most significant profits, and then back off just enough so that no one is really inspired to really convert everything to used wok oil. If Saddam were still in power in Iraq, he would be getting Halliburton's cut of the action. That's about the only difference I see. If anything, the war in Iraq was one of the catalysts for the oil companies to start this cycle... Between vengefulness, and a real (although probably artificially inflated) shortage caused by all of the oil fires, OPEC raised the price. The reaction they saw was a big profit increase, and a small grumbling, but no other significant consequences. I wish I could do the same with my products... |
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