“Unwarranted attack against Iraq”. Hmmm. Curious. Would you explain your reasoning on this one?
Yes, it was warrented we needed the oil. Geez, everybody knows that. Unfortunately we are still about 500K bbl per day under pre-war production levels so it do not help with the price that much.
Check out the speech from cheney when he was chairman of Halliburten. I’m sure oil was not on their mind at all when planning to go to Iraq. Not so much oil for profits but oil to maintain our way of life. We can’t seem to get much more the 85 million barrels per day out of the ground and the number will soon be decreasing. Some people think that is a monumental problem and Bush and Cheney are some of those people.
“Oil remains fundamentally a government business. While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow.
By some estimates, there will be an average of two-percent annual growth in global oil demand over the years ahead, along with, conservatively, a three-percent natural decline in production from existing reserves.That means by 2010 we will need n additional 50 million barrels per day.”
