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Politics : Foreign Affairs Discussion Group

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To: Maurice Winn who wrote (155697)	1/9/2005 10:47:30 AM
From: neolib	Read Replies (1) of 281500

Excellent post. Do you actually think Bush & Co. wanted this: Keeping oil prices and oil and energy industry profits high [by keeping Saddam's oil off the market] I agree with the profits, but high oil prices are not helping Bush. BTW, I think high oil prices are the best way to disentagle the West from the ME. Stable high prices will allows the economic development of replacements. Heck, the market cap of the successful companies replacing oil might solve the USA SS problems <vbg> Just think, the "stability premium" resulting from kicking oil (and associated rich tyrants) out should conservatively allow a doubling of P/E for stocks across the board, so we'd all be suddenly richer! Dow 50,000 here we come!

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