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Politics : DON'T START THE WAR

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To: ForYourEyesOnly who wrote (11380)2/21/2003 10:46:55 AM
From: GUSTAVE JAEGER  Read Replies (1) of 25898
 
For once, Judeofascist warmongers tell you the truth --the war on Iraq ain't about oil... I'd add it ain't about WMD either --the war's sole, exclusive purpose is to rid Israel of any challenge to her grip over Jerusalem. As the excerpt below shows, the war's got nothing to do with oil because the oil market has become a monopsony of sorts (or an oligopsony, if you will), that is, a market where the BUYER(S) call(s) the shots, not the suppliers.... (*)

nationalreview.com

Excerpt:

In short, the oil companies already ultimately get the oil now. They don't need Bush to go to war to get it for them.

The proportion of the world oil supply currently consumed by America will continue to get here one way or another through world oil markets. If oil producers tried to cut off the huge American consumer market, there would effectively be a huge drop in the total world demand for their oil - and, consequently, a huge reduction in the world price.

Who else is going to consume world oil output except American consumers (and those gas-guzzling SUVs)? The truth is that Middle Eastern oil producers - including Iraq - need America and its consumers a lot more than we need them. We can always figure out other ways of powering our transportation and warming our homes, technologically. But has the Middle East ever figured out any way of getting dollars other than pumping and selling oil?

That is why an oil boycott is ultimately no real threat either. Again, Iraq and other oil producers must sell the oil somewhere on the world market to get anything out of it. And once they do, they add to the world oil supply and reduce the price to approach a new supply/demand equilibrium. The world oil market then distributes the available oil supply to wherever the demand is - which means America and the rest of the West.
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