Quote:
|
Originally Posted by Vianna
My question then becomes, why has this misadventure in Iraq not gotten us cheaper oil? If the invasion was to make our oil supply secure, why are gas prices what they are-it's insane down here in DC what those prices are. I am assuming OPEC is holding out on us, but I read somewhere-Time maybe or Newsweek that our conquering Iraq makes us sort of honorary memebers of OPEC-is there any truth in this? Why can't we bring down the price of crude oil over there if we are in charge? I really don't get it...
|
That is because, with respect, you are incorrect is assuming that is the sole reason we went to Iraq, just ask Bill Clinton and John Kerry
Seriously, China is consuming more oil that expected right now and for the foreseeable future. The demand is exceeding the supply. SO, the prices are going up. And - its not just oil, it is many other commercial commodities.