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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (155711)	1/9/2005 7:18:13 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

Actually, the profits for the energy producers were vastly more than the $200 billion which Saddam didn't collect, because he would only have had about 10% of the oil market. So more like $2 trillion, or maybe only $1 trillion as prices would have been lower, was the extra money his competitors received by having his price-cutting oil off the market. High oil prices are very good for Bush. Exxon and other oily Bush buddies made a fortune thanks to high prices. BP made billions. I don't see how prices being high is bad for Bush. He can afford how much gasoline he likes and he doesn't pay for Air Force One fuel. He also collects taxes on those higher prices. I agree that tariffs on oil would help disentangle the USA from Islamic Jihad's oil. Taxes have to be raised, so do it at the border instead of internally. I know this is considered economically uncool, and anti-free trade, but it still makes sense to me. Mqurice