One of the biggest misconception about the issue of oil is, somehow the oil produced from iraq is going to help price of oil fall down in america. We are getting the best quality of oil in the most cheapest price for the last 25 years or so in the world.
Europe, India and China pays 7 to 9$ per gallon. And here we are paying only 3.25$ , and the price has gone that high only in the recent years. The difference is that they don't consume oil as much as we do. But china is getting closer to us. Also in those countries, when price of the oil goes high, people actually stop buying, thus dropping the price and also they don't consume as much as oil as we do becuase people prefer cars which has more mileage. So thats the most important feature in the car manufacturing companies in those countries.
Iraq war has nothing to do with oil for USA and more to do with control of natural resources. Because USA doesn't even need all that oil for ourselves, we have one of the largest world oil reserves. Also still majority of the energy produced in this country is through burning coal.
If you have control over the most valuable natural resource in the world, you have the bargaining power with your economic rivals. And that ideology is basic economic thinking. And the profits are not for the american people.
But my question to rocket_richard is , you said you have been only hearing how much Iraq is costing to american taxpayers, SO ISIN'T THAT ENOUGH OF A REASON TO STOP SPENDING AND GET OUR TROOPS OUT ?
And rocket richard of course thats all you are going to hear in the media. Do you think the american media is going to discuss our own mistakes in the media everyday? No media in the world has the guts to do it, and thats just the sad part of the democratic system, " We don't apply the same standards to ourselves that we apply to others".
There is also another meaning to the word looting I used. That is looting from your own people. You can just search this news on MSNBC.COM to understand that.
'Auditors say billions of dollars wasted in Iraq. House testimony focuses on $10 billion wasted or poorly tracked.'
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