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Politics : View from the Center and Left
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To: TimF who wrote (48025)2/5/2008 3:39:51 PM
From: slacker711  Read Replies (1) of 541326
 
Greenspan isn't wrong, but he's right only in an indirect sense. Its not about Iraqi oil, more about Kuwaiti oil, and to an extent Saudi oil. Well in a very indirect sense, if Iraq didn't have oil it would never have been a threat.

If Iraq had managed to be just as much of a threat as it was and it had no oil, than I do think we would have intervened anyway.

I'm curious about your thoughts on subsidizing research or speeding up the adoption of alternative sources of energy. While I am not a fan of government intervention in markets, since 9/11 my view has become that this would be a national security expenditure. If you look around the world at the countries that are most hostile to the US, it pretty much reads as a list of oil exporting countries. I can guarantee you that if Iran was making all of its money selling PS3's instead of oil, we would stop purchasing PS3's. We clearly cant do that with oil, but the sooner we can make it less relevant in the world, the better.

It wont be quick or easy, but if we can decrease the amount we are subsidizing those nations that are hostile to us, it should provide a long-term benefit to US interests around the world. I just wish we had started such a program in the immediate aftermath of 9/11. We might even have started to see the effects today.

Slacker
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