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Originally Posted by sneddog
The war in Iraq has very little to do with the price of oil today. To say that it does, is an assumption based on little supporting evidence.
Supply and demand are what determines the price of oil. The supply is shrinking, while the demand is increasing worldwide. You do the math.
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Why are you neglecting severe USD devaluation due to fiscal irresponsibility, better known as the tax on oil producers passed on to consumers, and commodity speculation due to US ME military aggression, in particular threats made against Iran?
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You forget it was the UN that said that Saddam was not cooperating and violating UN resolutions. It was the UN that voted to demand Saddam to cooperate or suffer serious consequences.
I am still waiting for one success of the UN.
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