Originally Posted by sunfrog
A: America's going down a dark path and I can't move to Canada therefor I have to be a part of it. Like good Germans had to watch helplessly as the Nazi's attacked the world.
B. I have to pay high gas prices
Sunny, you've completely outdone yourself. That's the least sense you've ever made
. I think maybe you should stick to championing the medicinal properties of cranberries - you were on firmer ground there
On your 'US aiming for high oil prices' paranoia:
You think the US artificially raises its internal oil prices? You're nuts:
Firstly, you live in the country with the most leniantly taxed oil in the world, to my knowledge. And secondly...
Originally Posted by Jason Kennedy at ING - reported in: 'Oil spirals despite Opec output rise' by Jane Padgham - Evening Standard, 15 June 2005
"It is limited refining capacity that is supporting prices. US refineries are at 96% utilisation - almost maxed out."
The US doesn't have the luxury of playing price-raising output games (unlike the OPEC countries).
On your 'we went into Iraq with oil-related benefits in mind' thing:
Sure, there's plenty of reasons to believe that, but your frothing frolics into conjecture really don't help matters. It's a complicated issue...
Here's a swift update on the two major oil-related invasion-incentives:
-Destabilisation of the OPEC alliance
Secret US plans for Iraq's oil
This investigation claims that:
-The US planned to increase Iraqi output to break Opec's monoply (but were prevented by Iraqi insurgencies, and perhaps partially by oil industry influence amongst the government heirarchy)
-Securing petrodollar hegemony
IE the theory that when Saddam started trading his oil in Euros in 2000, rather than the ubiquitous 'petrodollars', the US feared he would speed up similar currency-shifts across the globe, thus undermining the core strut underpinning the US economy: dollar hegemony.
The currency-shift trend continues, lending validity to such fears...
Dollar at mercy of central banks
Members of the Organisation of Petroleum Exporting Countries have cut the proportion of deposits held in dollars from 75 per cent to 61.5 per cent in the past three years.
The Bank of Thailand said this month it was considering reducing the proportion of its $50bn reserves held in dollars from 80 per cent to 50 per cent. Russian officials have made similar noises.
A detailed survey out today suggests that central banks are increasingly moving official reserves out of the dollar and into the euro.
Of course, some of the dollar's problems stem from its susceptibility to being affected by oil prices... which leads us back to OPEC...
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So you see Sunny, there are powerful reasons to suspect oil-motives in the Iraq invasion - but please, try not to fill up this sensitive zone of conjecture with too much blather next time, will you?
Originally Posted by Yoda
No, I'm saying he's somewhere in the middle. What's insane is the idea that he's just an oil-crazy Texan. If he were, it wouldn't make any sense for him to allocate billions of dollars for research into alternative energy sources.
Very true
But looking to the future, as the Bush-admin is thankfully doing (at least on their own turf
), doesn't mean they aren't playing naughty games in the
present with oil - which is still currently number one on the US's list of 'must have' energy sources.
Just saying, that's all