Adam Magazine on the Crazy Years

Looting, killing and raping -- by twisting their words they call it "empire"; and wherever they have created a wilderness they call it "peace" -- Tacitus

Friday, November 1

One more reason not to go to war.

What a stagnant economy doesn't need is higher oil prices. But that is the inevitable result of the rush to war. Don't believe me? Read this article from Strategic Forecasting, LLC.
Strategic Forecasting, LLC
While the global energy picture has changed much since 1990, one thing is certain: Once it becomes apparent that Washington will settle for nothing less than the ouster of Iraqi leader Saddam Hussein, oil prices will spike.

During Desert Shield, Brent crude shot up more than $20 from its levels on Aug. 1, 1990 -- the day before Iraq invaded Kuwait. And in February 2002, just before the Bush administration commenced its warmongering against Iraq and suicide bombings began to surge in the Middle East, Brent prices were clustered around the $20 mark. A return to $40 per barrel is highly likely considering Washington's steady march back toward the Middle East.

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