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Old 09-14-04, 09:29 AM   #30
dren
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From: tha haute
IP:

Quote:
Originally Posted by Prodigy
The war was about the Oil, the US imports 90% of Oil from
Iraq, what the US & UK governments are doing is putting a
puppet in charge of Iraq.

This way they are in control of all the Oil exported out of Iraq
and yes all the money from the Oil is going on paying for the
troops to be out there but when the wars over thats going to
make a nice little profit.

Regardless of all the lives lost out there including my older
brother the government don't give a fuck. War is about
profit or taking over a country with a vast amount of natural
resources.

We wanted a reason to take control of Iraq and WMM was just
to keep us as people happy, they made us think that Iraq
could attack us with Germ War fear in a matter of minutes it
was all bullshit.


1~



we don't get 90% of our oil from Iraq...

In 2002, Canada led the world in our sources of imports, at 17%, with Saudi Arabia (13.7%), Mexico (13.5%), and Venezuela (12%) in a virtual three-way tie for second. The year before the percentages were Canada - 15.4%, Saudi Arabia - 14%, Venezuela - 13%, and Mexico - 12.1%. Canada also led in 2003. In 2002, US imports from the Persian Gulf region amounted to 19.8 percent of our total imports. The same year, a total of 40% came from OPEC member nations -- which include countries such as Venezuela and Indonesia that are outside the Persian Gulf.

Why Oil is more and more expensive:

The price of Crude is up - near or over $40 per barrel.
This is because worldwide supply is tight and 1) gasoline demand in the US is up despite high prices - 4.3% more than 2003. Americans simply refuse to conserve. This is not trivial considering that the US, with 5% of the world's population, consumes 45% of the gasoline produced on earth. 2) Gasoline demand is surging in China, where crude oil imports increased 30% in 2003.

Economic woes in Venezuela are impacting US imports more than problems in the Middle East. US imports from Venezuela were down 19% in 2003, and Venezuela, Mexico, Canada, and Saudi Arabia are the US's main suppliers, at about 15% each.

The US deficit, around $500 billion in 2004, causes the value of the dollar to decline. Because oil is priced in dollars, no matter where in the world it comes from, producers want higher prices in order to maintain their income.

Even with all of this, the true price of gasoline has fallen more than 40% from its inflation-adjusted price of $2.77 per gallon in 1981. And in the US, at $1.90 per gallon, we pay about one-third of the price western Europeans and others have paid for many years.

Taken from http://www.gravmag.com/oil.html#highcost

says most of what I was saying. I think this is pretty repudable.
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