Quote:
Originally Posted by Azure
One more thing, if your economy is dire in its need for oil, I would sure as hell make sure that countries like Kuwait can keep producing at the same rate. Sadly though, the US ruined their own theory by invaded Iraq and driving up oil prices.
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I'm no conspiracy theorist, as you know--and I don't pretend to know what the "real" reason for the invasion of Iraq was. But it is clearly the case that higher oil prices aren't necessarily bad for people in the Oil business, particularly if they have the means to supply oil somehow themselves. As you say, higher prices in the past year had a lot to do with hurricanes, so I'm not sure how much water that theory holds. But it's important to remember that there are people out there who benefit from reducing supply to generate higher prices. It's not just oil--it's true for commodities traders as well. Just saying...
