Liberty Star
09-29-2008, 03:27 PM
Like the 1973 oil embargo following Israel-Arab war, are they targetting our economy again because of our support for Israeli policies and their occupation of arab land?
Or Israel-Palestine issue is not the primary issue behind current problems?
Most politicians don't know what caused this mess, what is libertarian thinking on the root causes of recent developments?
Quote:
How Successful is Al-Qaeda’s Strategy of Depriving the West of Essential Oil?
http://www.jcpa.org/brief/brief3-26.htm
Iraq War May Have Increased Energy Costs Worldwide by a Staggering $6 Trillion
By Geoffrey Lean, The Independent.
May 27, 2008.
The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone.
The oil economist Dr Mamdouh Salameh, who advises both the World Bank and the UN Industrial Development Organisation (Unido), told The Independent on Sunday that the price of oil would now be no more than $40 a barrel, less than a third of the record $135 a barrel reached last week, if it had not been for the Iraq war.
http://www.alternet.org/waroniraq/86515/
Or Israel-Palestine issue is not the primary issue behind current problems?
Most politicians don't know what caused this mess, what is libertarian thinking on the root causes of recent developments?
Quote:
How Successful is Al-Qaeda’s Strategy of Depriving the West of Essential Oil?
http://www.jcpa.org/brief/brief3-26.htm
Iraq War May Have Increased Energy Costs Worldwide by a Staggering $6 Trillion
By Geoffrey Lean, The Independent.
May 27, 2008.
The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone.
The oil economist Dr Mamdouh Salameh, who advises both the World Bank and the UN Industrial Development Organisation (Unido), told The Independent on Sunday that the price of oil would now be no more than $40 a barrel, less than a third of the record $135 a barrel reached last week, if it had not been for the Iraq war.
http://www.alternet.org/waroniraq/86515/