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To: bentway who wrote (99558)	1/10/2008 1:21:53 PM
From: Pogeu Mahone	Respond to of 306849

No it will not. Then the real fighting starts between the tribes for control of oil. The instability that this moron opened up will not be gone when we withdraw. His father was correct. ===================== Just winding down Iraq and having Bush gone will remove the "instability and fear" premium from oil. How much has that idiot rattling our sabre cost us in the last seven years?

To: bentway who wrote (99558)	1/10/2008 1:22:48 PM
From: Lizzie Tudor	Respond to of 306849

I agree there is a lot of Bush-premium in oil, however, the growth in emerging markets is real (whether it was caused by US trade policy, or not, it has its own momentum now). I saw a slide last week that said hiring an engineer in india in 1999 cost $8K per year, and now it is $65K per year. This is one reason why our job market has stopped completely deteriorating. Remember just a year or two ago discussing that US wages would not rise until emerging market salaries caught up... well they have. So oil demand from china and india will continue. The solution is simple- alternative fuels where once again, the US has an edge.