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Politics : Formerly About Applied Materials

AMAT 262.30

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1:13 PM EST

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To: zonder who wrote (67420)	1/28/2003 11:10:10 AM
From: chomolungma	Read Replies (2) of 70976

However, there is no way around it. Bush and his administration are all oil people. He was supported financially by oil people in Texas. Iraq has one of the world's largest reserves that are ALSO extremely cheap to extract. Do you think all this is a coincidence? It's absurd to think that any of these "oil people" are going to gain ownership of Iraqi oil. However, what likely will happen in a liberated Iraq is that oil production will increase significantly. This increased production (low cost, as you point out) will have the effect of lowering oil prices and all of Mr. Bush's contributors will suffer because of it. You'll have to look elsewhere for your hidden agenda. Sorry.

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