Serge - having read only the OP - do you think that the war in Iraq is the reason behind this huge increase in oil prices? I mean, sure it played a major part in it, but... is it like... THE reason?
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I'd be more inclined to think it's a major cause but not THE reason..there are too many contributing factors outside of the Iraq issue.oug wrote:
Serge - having read only the OP - do you think that the war in Iraq is the reason behind this huge increase in oil prices? I mean, sure it played a major part in it, but... is it like... THE reason?
Not Teh reason, but it was a main contributing factor IMO.oug wrote:
Serge - having read only the OP - do you think that the war in Iraq is the reason behind this huge increase in oil prices? I mean, sure it played a major part in it, but... is it like... THE reason?
THe price of oil had starting creeping up before that. The problem is that the need for oil almost looks like an exponential curve. You reach a tipping point where your need for oil increases dramatially instead of incrimentally, and each increase paves the way for a need for even more. You are trying to look at events in isolation, and picking your starting time to make your argument.sergeriver wrote:
And they started demanding oil in 2003 right?imortal wrote:
Except that the price of oil has been mainly driven up due to increased demand in China and India, which would have happened regardless. Your entire premise is flawed.sergeriver wrote:
Back in 2003, just before GWB decided to go to Iraq to find there were no WMD's, the price of a barrel of oil was about USD 25. Five years later it's almost 4 times that number. With the price of oil at USD 100 a barrel, a lot of companies are researching and producing alternative fuels, like biofuels. You may think "so, what's the problem with this?". Biofuels use sugar, corn and other crops. With the increasing use of biofuels the demand shifted to this industry and food prices have risen almost 80% during the last three years. This may affect millions of people and produce starvation in the poorest countries in the World.
Was Iraq a good idea?
I didn't pick anything, I just wrote what I think happened. Maybe I'm wrong and the barrel of oil was USD 100 back in 2003.imortal wrote:
THe price of oil had starting creeping up before that. The problem is that the need for oil almost looks like an exponential curve. You reach a tipping point where your need for oil increases dramatially instead of incrimentally, and each increase paves the way for a need for even more. You are trying to look at events in isolation, and picking your starting time to make your argument.sergeriver wrote:
And they started demanding oil in 2003 right?imortal wrote:
Except that the price of oil has been mainly driven up due to increased demand in China and India, which would have happened regardless. Your entire premise is flawed.
Last edited by sergeriver (2008-04-14 17:31:47)
Touche... Still, I really don't care what happens to Iraq, so long as I don't have to keep paying for it.Braddock wrote:
Yeah, anyone would think the US destroyed their country's infrastructure by invading it and removing all semblance of order or something! [/joke]Turquoise wrote:
Fuck yeah, it's about time we got Iraqis to pay their own way. Shit, the Republicans are always talking about personal responsibility -- now, they're actually starting to support that with respect to the Iraqis.
well, guess what. You will, and probably your children, too. For a long time to come...Turquoise wrote:
Touche... Still, I really don't care what happens to Iraq, so long as I don't have to keep paying for it.Braddock wrote:
Yeah, anyone would think the US destroyed their country's infrastructure by invading it and removing all semblance of order or something! [/joke]Turquoise wrote:
Fuck yeah, it's about time we got Iraqis to pay their own way. Shit, the Republicans are always talking about personal responsibility -- now, they're actually starting to support that with respect to the Iraqis.
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