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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (355150)	2/6/2003 5:19:14 PM
From: Raymond Duray	Respond to of 769670

PM TONY BLAIR OUTTED FOR PLAGIARISM, FEAR MONGERING Message 18546737

To: J_F_Shepard who wrote (355150)	2/6/2003 5:26:03 PM
From: i-node	Read Replies (1) \| Respond to of 769670

"We aren't helping Iraq out by buying their oil." That statement begs an explanation.... There are x barrels of oil for sale in the world today, and there is demand for y barrels. This determines the price of oil. If we don't buy the oil from Iraq, we may buy it from Argentina. This means whoever would have bought the oil from Argentina now has to purchase their oil from Iraq, or from someone else who then purchases it from Iraq. It isn't as though our buying oil from Iraq caused Iraq to have more money then they otherwise would have; they would have had precisely the same amount of money because someone else would have bought their oil. Our purchasing oil from Iraq in no way affects the ultimate distribution of proceeds from the sale of oil. Thus, the metaphorical pool.