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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: BulbaMan who wrote (13251)	10/30/2006 1:01:40 AM
From: Cogito Ergo Sum	Respond to of 25575

The middle east has been about oil for almost a century. Lloyd George made sure Britain got Iraq... . he said.. give the French Syria, there is no oil there.. huge oil reserves for the U.S. no, but that they remain fungible.. I imagine that with thirsty China and India oil there could be an embargo on the US and the oil producers still make lots of dough.. If the US is in Iraq primarily for Big oil as opposed to accessibility well then they won't be leaving in my lifetime. Al

To: BulbaMan who wrote (13251)	10/30/2006 1:16:10 AM
From: whitepine	Respond to of 25575

My case is simple. If an oil embargo to all non-Muslim nations was initiated, what would be the economic impact on the West? If, as many believe, WWII started essentially because the US stopped shipping oil to Japan (as a means of pressuring them to leave China), what would be the effect on the US or Japan or Europe if oil was embargoed to any one of the these? ================================== My own answer is economic collapse of the international economy. Things would be rough here in NA, but xxx of poor in the 3rd world would suffer a fate far worse. Just as the US provides a nuclear defense umbrella for Japan against attack, the US also has assumed responsibility for maintaining international trade. The reformist, Wilsonian vision of postwar era was premised on the idea that an industrial nation would NOT have to control access to raw materials via military occupation or colonialism. The promise of international trade was, and is, simple. Comparative advantage and free trade create a larger economic pie for every nation. Trade liberalization (and an end to colonialism) was NOT a zero-sum game. Stability in the ME against radicalism and terrorism, IMO, was the over-arching goal of US policy. To assist Exxon, etc., to make more profit was NOT a goal. wp