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Originally Posted by Baraka_Guru
This is a convoluted problem that no means of simple summary can describe. It is the problem of our time.
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This chart show the price of oil adjusted for inflation, perhaps the real problem is we have been spoiled given decades of relatively stable prices. This crisis will pass, just as it did in the 1970's.
http://inflationdata.com/inflation/i...ices_Chart.htm
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Originally Posted by host
ace....I've posted support for the idea that the first part of the quote of you above is inaccurate....and the rest is inaccurate because there is clear evidence that the Bush administration has constantly been at work destabalizing the security in the middle east, and not what you claim.
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I agree that there is a war risk premium in the current price of oil. I have stated that. I don't know how much it is, but I bet it is higher than whatever the historical norm would be. However, I think we succeed in stabilizing Iraq the premium would go down significantly below its historical norms.
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Ace, Iran is not a threat to US National Security....our own intelligence agencies issued a report last November, that the Bush administration stifled and contested for a year before it was released....with the president claiming the opposite of what the NIE said.....since Bush knew that the assessment of US intelligence was that Iran had ceeased it's nuclear weapons development program in 2003.
Iran is perhaps a threat to Israel's security, but would Iran ever launch a "first strike" on Israel, even if it did develop a nuclear warhead capable of being delivered via a missle, since Israel is host to the third most holy place in Islam?
Do you think this constant "dictation" from "unidentified US officials" to Michael Gordon of the NY Times, and other cooperative corporate media shills, by the Bush administration....serves to lessen tensions in the ME, ace, or to increase them? Do you think this constant belligerence influences petroleum prices to go down?
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Iran will not be a Bush issue in a few months, my guess it will be an Obama issue. And it seems Obama is running towards Bush's ME policy. Like I predicted, I betting under Obama we will be in Iraq at least through his first term. Are you voting for Obama? Do you support a continuation of our current ME policy? Looks like you won't have a real choice.