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Old 04-19-2005, 05:18 AM   #32 (permalink)
samcol
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Location: Indiana
Quote:
Originally Posted by WillyPete
Face it folks, anything the US does in the middle east is for the US's own benefit and for cheaper oil.
It doesn't look like it's been for cheaper oil at all. After all oil prices have nearly doubled since 2001. To me it seems like it's about consolidation of oil rather than trying to honestly supply more oil cheaper. The oil companies need to keep their cartel.

Quote:
2005 Average* $44.56/$43.71
2004 Average* $37.41
2003 Average $27.69
2002 Average $22.81
2001 Average $23.00
http://www.ioga.com/Special/crudeoil_Hist.htm
This along with the plunging dollar (i think it's dropped like 40 cents against the Euro in 3 years?) is the most seriuos threat to the US economy. I haven't seen the Aphganistan or Iraq war do anything to improve these two huge issues.
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