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Heck, I'll get everybody ticked off here
also. I don't think
that oil was the primary motive for the war in Iraq. It
was the
ultimate motive in the sense that this war was the
culmination
and followup of the first Gulf War, which was about oil.
Who
really gave a hoot if Iraq controlled Kuwait
otherwise?
Why was it not about oil
directly? Ironically because both
Bush and Cheney are closely tied to the Texas oil
industry.
On the one hand Bush wants a low price of oil in the short
run
to juice up the economy so he can get reerected. OTOH,
he
does not want too low of a price because that hurts the
profits
of the Texas oil companies. Ideally he would like the
price at
about OPEC's goal, $25 per barrel, enough to make the
companies
and OPEC members money, but not so high as to cause
US
consumers to give up their addiction to gas hog
SUVs.
The war was fought because Bush is a
compulsive-obsessive
reformed alcoholic, out to get revenge for Saddam's effort
to
assassinate his dad. Also, in the immediate aftermath of
9/11
he did believe that al Qaeda and Saddam were linked, even
though
this was later found to be false. Also, it was great
politics domestically.
With the war in Afghanistan over, people were going to start
paying
attention to the economy and domestic issues again.
Instead, he
was able to keep the focus on national security-war on
terrorism-
homeland security, which gave him a Republican Senate, and
may
well give him his reerection next year, if he can keep the
economy
from souring too badly.
The short run gainers
economically from the war in Iraq are
such administration-connected firms as Halliburton, Bechtel,
and
Fluor. The oil companies may eventually get a piece of
the action
in long term Iraqi oil development. But "control of
Middle East oil"?
This is a joke. We already control it through the
Saudis. Keeping
their asses clean was what the first Gulf War was about, not
this one,
although getting US troops out of KSA will help stamp down the
threat
to their regime from bin Laden in the longer
term.
Barkley Rosser
Barkley Rosser
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- Jim's query: Levy Profits equation, (continued)
- Jim's query: Levy Profits equation, Paul_A Thu 05 Jun 2003, 01:45 GMT
- The truth leaks out, Louis Proyect Wed 04 Jun 2003, 18:15 GMT
- Re: The truth leaks out, k hanly Wed 04 Jun 2003, 21:45 GMT
- Re: The truth leaks out, Eugene Coyle Wed 04 Jun 2003, 23:41 GMT
- Re: The truth leaks out, Barkley Rosser Thu 05 Jun 2003, 18:32 GMT
- Re: The truth leaks out, andie nachgeborenen Thu 05 Jun 2003, 18:44 GMT
- <Possible follow-up(s)>
- Re: The truth leaks out, Devine, James Wed 04 Jun 2003, 18:21 GMT
- Re: The truth leaks out, Louis Proyect Wed 04 Jun 2003, 18:25 GMT
- Re: The truth leaks out, Chris Burford Wed 04 Jun 2003, 21:10 GMT