To: Skeeter Bug who wrote (98676 ) 4/29/2003 1:00:24 PM From: benwood Read Replies (1) | Respond to I do believe that using Iraqi oil to effect the world price would be fairly simple given that over- and underproduction in the past few years has caused dramatic price swings. In 1999, the price went from about $13.50 to $38 when Opec cut production 4.3 million bbl/day. In 2000, Clinton released 30 million bbl, and OPEC overproduced and the price dropped from $38 to $16 in less than 1 year (also weak demand). My point is that it will be easy once production capacity is developed to influence world oil prices, and the US will benefit (along with everybody else, but since we soak up 30-40% of the energy, we'll benefit proportionally more).actions as President that I admire, and the cabal whose foreign policy states they believe in premptive wars and to crush any and all comers who might someday threaten American hegemony, who do all they can to lower environmental quality for it's citizens, who seek another large tax cut primarily for the wealthy, who say they will "shore up" social security when in fact there is no money in the trust fund, still, who are working on the Patriot II act, and much more...eia.doe.gov tfc-charts.com
