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HershOstropoler
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quote: Originally posted by Jaguar Warrior
Show me a single American oil tanker that has docked at Umm Qasr and I will concede.
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Not only oil in Iraq, a lot of oil around Iraq. As for tankers, as MtG said, irrelevant. I haven't subscribed to the simple oil-looting story - even I do not think the US political system has degenerated to that point yet. Also as I said earlier, oil is IMO just one reason among several.
"prove that we have done anything post-war that has affected the international oil price to favor us."
The expectations about Iraq's future affect the oil price, obviously. But that's also another issue. It's about secure and stable supplies within a reasonable price range, that's where most interests converge.
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:28
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We can't do that until we fix the oil fields. Once sanctions are gone and Iraqi oil fields are capable of significant production, OPEC will have to call a meeting to adjust production quotas. For the first time ever, the world's largest oil consumer will be seated at OPEC, with the option to either push for higher quotas or to outright disregard any production quotas OPEC tries to set. There are a lot of non-OPEC producers, and some OPEC members who ignore quotas, so OPEC control of the market is tenuous at best, but the US controlling or influencing another major producer will nearly decisively shift the balance of power in the marketplace in favor of oil consumers.
Simply having that ability is already affecting oil prices, and Iraq isn't even producing yet.
The US won't do anything radical, because it's both a producer and consumer. Our domestic marginal cost of production is fairly high compared to most producing nations, and a lot of our oil is heavier (intermediate and lower quality) than Arabian gulf oil, so a sharp drop in oil prices takes a lot of US oil out of the domestic market, once the market price gets too low compared to marginal cost of production. We sure don't want to jack the price up too high, because then you get a nice recession to cure that extra demand. It's just another Goldilocks problem, but we're now in position to decide just how warm the porridge should be for everyone. 
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HershOstropoler
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JW:
If you
- manage to stabilise Iraq and make it a puppet swing producer (on which Saudi Arabia now has a sort of monopoly)
- stabilise the Saudi regime by withdrawing bases from there
- exert more influence in the region
- be able to intervene much more easily in case a major producer goes fundamentalist,
then it could be worth it in purely economic terms.
I don't share the premises and some of the effects, but at least that could be a plausible case.
Last edited by HershOstropoler on 07-06-2003 at 22:07
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:28
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quote: Originally posted by Jaguar Warrior
Much better answer than "there's oil there." Now do you really think that the benifits gained are gonna offset the colossal price of the war? |
That's one that nobody can prove. Assuming there's no meltdown in the ME, and everything goes as planned from a US perspective, it would be a very profitable long-term corporate pork program. (since the government/taxpayer sucks up the costs, but industry picks up the benefits*)
We already have the direct price of the war, but there's also the effects of the oil price spike on the global economy before the war started to consider. If anything goes wrong, from a long occupation, to another war, to some future disfunction in Iraq (coup, civil war after the US is out, etc.), then the payoff may never justify the costs.
* yes, increased industrial profits will yield increased tax collection, benefits to shareholders and maybe some benefits to consumers, but not fast enough to pay off the pork "investment" in a reasonable time frame. The profit here goes to the corporate beneficiaries.
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Cruddy
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quote: Originally posted by Azazel
If the result of the war is good, I wouldn't be too concerned. I never cared for WoMD, anyway. |
After that Neutron bomb thread you started, I find this hard to believe... or do you mean you never cared for that as a reason to remove the Saddam regime?
Anyway, of course they deceived us. Presenting arguments and not backing it up with solid facts "for security reasons" is a blatant cop out.
Contrast with the Cuban Missile crisis. Clear, blatant evidence posted in the UN.
When is the US going to realise it's run by big business for big business and the indivudial citizens mean as little to the administration as the individuals of the USSR did to the Communist Party of that country?
I'm not saying the US is the USSR, or that the situation is unchangable, or that living in the US does not have many benefits that outweigh the political farce that is misrepresented as "democracy".
But isn't it time we all started thinking about ways to improve things, rather than just falling into deep dispair?
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HershOstropoler
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quote: Originally posted by Jaguar Warrior
If you were Bush II, would you set back relations with France Germany and Russia, spend literally hundreds of billions of dollars, lose several dozen troops, and risk losing reelection just for a possible economic benefit that depends on 4 "ifs"? I wouldn't. |
I wouldn't either, but this Iraq war was the pushed by a bunch of hardcore ideologues, and why would they give a flying **** about reality?
"But you're saying that he wanted to do it anyway for a different reason, and the Economic factor was only a side effect."
That's also the view I think is the most plausible. The principle is "It's a war for who the **** knows what".
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:28
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quote: Originally posted by Jaguar Warrior
Gotta love the Dubya. But you're saying that he wanted to do it anyway for a different reason, and the Economic factor was only a side effect. Which goes against the whole "its a war for oil" principle. I don't know whether you intended to mean that or not.
yikes I'm debating MtG |
Or, your primary reason is oil/economics, but that won't sell well for PR purposes, and you can't justify the purely economic risks to yourself without rationalization. So you find other excuses/reasons.
There's basically two reasons for all wars - power, or distraction from domestic issues. Almost nobody would give a **** about the ME in general if it wasn't for oil. It's the only resource they've got, but they've got the majority of the world's readily available supply, and it's essential. That's why the whole "no blood for oil" types just annoy me with their stupidity. Somebody's blood has always been shed for control of essential resources. The only thing stupider than the "it's all about oil" worldview is the people who deny that any of it is about oil.
The Dear Leader is every bit as bad as Hussein, he's far more dangeous, but he has a tougher military, he has WMDs, and he has no resources. So the cost/benefit ratio for thumping his ass to hell is a lot different.
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Imran Siddiqui

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The Potterverse
Jan 1970 time: 00:28
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I agree with Azazel, but not for the 'liberation' aspect (who really cares, eh?). It's a nice power play. In someways kinda like Reagan with those tiny wars in Latin America saying, hey, we're big, bad, and we'll **** you up. In essense, one reason was to tell the Islamic world that we aren't just gonna putz around in Afghanistan and that's it. Secondly, it gives you a nice base in the middle of the Mid East for deployment to deal with the terrorist problem in the future, without having to actually depend on Saudi Arabia (who knows what will happen in the future when the anti-American Crown Prince ascends fully).
If we can get some nice military bases and a fairly stable government in Iraq, it'll all be worth it. I'm not exactly a utilitarian, but I always believe that the ends can justify the means .
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