View Single Post
Old 03-05-2013, 05:35 PM   #38
blankall
Ate 100 Treadmills
 
blankall's Avatar
 
Join Date: Mar 2006
Exp:
Default

Quote:
Originally Posted by Bertuzzied View Post
So it was just a coincidence Iraq has oil? What was the point of it? After 9-11 it was guns blazing for Bin Laden who every one knew was in Afghanistan not Iraq.

Don't tell me that some Americans actually thought Bin Laden was in Iraq right?
Except that invading Iraq didn't actually increase global oil supply. In fact, it dramatically decreased it. Particularly during the terms Bush was in power.

We're only now at pre-production levels:

http://www.indexmundi.com/energy.asp...aph=production

America only gets a tiny fraction of their oil from Iraq:

http://www.eia.gov/dnav/pet/pet_move...im0_mbbl_m.htm

So basically, you are saying the US invaded Iraq, drove up the price of oil dramtically, in order to gain greater access to a fraction of a percent of their oil supply?

Oh and that's not how it played out at all. The US was getting far more Iraqi oil in the years proir to the latest invasion:

http://www.eia.gov/dnav/pet/hist/Lea...s=MTTIMIZ1&f=M

Believe it or not, the USA is actually making good on their promiss to wean themselves off middle eastern oil:

http://www.eia.gov/dnav/pet/hist/Lea...s=MTTIMXX1&f=M

Considering that the US population, and the demand for energy with it, is rapidly growing, any decrease in oil imports is a huge accomplishment. The 40% or so decrease we've seen is ridiculous.
blankall is online now   Reply With Quote