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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (387853)6/1/2008 10:28:25 PM
From: Brumar89  Read Replies (1) of 1574854
 
I thought your remarks were extending my statements farther than I would go. I don't consider free markets something to be spurned by us just because NOC's don't act like normal free market operators. I think we should encourage free markets to the extent we can.

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Are you going to argue we should make war to force resource rich countries to drill and produce more?

What do you think Iraq is about?

Removal of a dangerous dictator in a strategic part of the world. The fact that a free Iraq will increase oil exports (and has over the past year) is a side benefit.

Re. my strategic part of the world comment = yes, its true the Persian Gulf is strategic b/o it has so much of the worlds oil reserves and production. But that would be true even if we used no oil from there. Even the passive Jimmy Carter produced the Carter doctrine that said the free flow of oil from the Persian Gulf is a vital interest of the US which we'd fight about. The Carter doctrine wasn't needed till he undercut the Shah - the Shah functioned as a western oriented power in the region.

If you think the "oil market" is "free market" then you are more niave than my 10 week old puppy.

The oil market is free. Its just that many of the big players - NOC's - don't act like normal profit seeking market operators. That makes supplies tighter than they would be if profit seeking companies were able to operate in SA, Russia, Mexico, VZ, Iran, Kuwait, Iraq, etc.
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