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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (1624)	1/3/2003 8:15:45 AM
From: zonder	Read Replies (1) \| Respond to of 15987

Unlike what many believe the multinational oil companies have no control over the price of oil. Of course. The point was, and you agreed, that oil companies benefit from high oil prices. So if Iraq is invaded and US oil companies control Iraqi fields (in which case, they WILL have control over production, and hence the price) will they or will they not boost oil production such that oil prices will decline? That was where we started, right? That lower oil prices after Iraq invasion would benefit consumer countries?