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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (27250)4/11/2005 7:52:29 AM
From: shades  Read Replies (1) | Respond to of 116555
 
BWAHA! No really? Come on Hans! Surely you jest!!

democracynow.org

Hans Blix Says Iraq War Motivated by Oil
Former UN chief weapons inspector Hans Blix is once again speaking out on the US invasion and occupation of Iraq. He told the Swedish News Agency that he now believes oil was one of the reasons for the invasion. Blix said that he initially did not believe that but now says he thinks the US "wanted to secure oil in case competition on the world market becomes too hard." He defended the United Nations, despite recent scandals including allegations of corruption in the oil-for-food program for Iraq. Blix called the allegations "revenge from American political circles for the defeat over Iraq."



To: CalculatedRisk who wrote (27250)4/11/2005 11:02:45 AM
From: KyrosL  Respond to of 116555
 
Thanks for an excellent analysis of the US oil situation that debunks much of the spin about how oil price is so much less important now versus the seventies and eighties.



To: CalculatedRisk who wrote (27250)4/11/2005 12:19:04 PM
From: ild  Read Replies (1) | Respond to of 116555
 
CR, one comment. You (and many others) use price for WTI, but in fact price for crude imports in US and worldwide is much lower.
This chart idorfman.com
is taken from oakltd.com