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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: Elroy Jetson who wrote (1445)10/22/2005 9:45:07 PM
From: Slagle  Read Replies (1) of 218455
 
Elroy Re: "Bush War" Bush and his henchmen had some really powerful reason for invading Iraq which is to my mind still a mystery. Those guys are not stupid and support for the operation went far beyond Bush's political allies, otherwise it wouldn't have happened.

Maybe the idea was to deny the oil to China or for some other geopolitical reason. Maybe to lend support to the Saudis and the Kuwaitis.

There is much logic in your position that there is an abundance of oil in the world. But much of that oil is bound to be right there in the Iraq neighborhood so maybe the purpose of the Iraq invasion was to ensure that this oil would be available at $27.50 or some other reasonable price.

I sure don't believe that it was about "democracy" or "WMD's". On the other hand I don't believe that any sort of personal corruption was an important factor.

You say that the Iraq invasion is the reason for the high oil price and I suppose that could be so because of the danger and political tensions it caused. But as for reduction of the supply of oil or any big increase in oil use because of the occupation I doubt. This isn't the Normandy invasion.

I doubt that we will EVER leave the region now. We may withdraw from contact with the Iraqi population and from involvement in local affairs but I bet we maintain a big base out in the desert (like Guam or Diego Garcia) forever.
Slagle

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