Yes, as oil prices are now past $120 a barrel, market watchers are now looking foward to $200 barrel oil, it’s causes and effects.
Maybe it’s because of all the Bush Derangement Syndrome rantings that have left my eyes in a near-permanent rolling motion, but I have to wonder:
If the Iraq War was all about oil [can I get a "NO BLOOD FOR OIL"?], then what will have the more devastating effect on oil prices next year: staying in Iraq and stabilizing the place, or retreating and letting it collapse?
Lord help me, but…I don’t see “Iraq” anywhere in this article. Could it be [COULD IT BE?!] that the war in Iraq isn’t about oil? Could Operation Iraqi Freedom be about Freedom? I know, it’s crazy talk, but the coffee’s strong this morning, so I wonder, while the candidates are whining and pandering and bribing their way to nomination (abomination?), what idea addresses the cost of oil in 2009 best:
- a gas tax holiday
- a windfall profits tax on any company that makes too much money (oil companies to start with, computers to follow?)
- staying in Iraq to stabilize it
- retreating from Iraq and gambling on its collapse (if it does collapse post withdrawal, there is no doubt at all that a subsequent third invasion would be infinitely more costly in blood, treasure, and duration)
- Or perhaps something else?
What’s the best thing the next President can do to keep oil from reaching $200 barrel next year, and what’s the best course in Iraq given the prospect of $200barrel oil?
Additionally, what should the next President do in terms of Iran given the prospect of $200 barrel oil next year?