Kratos0518 on 20 March 2008
Choirsoft theeye,
High Oil prices is not a direct result of the Iraq war, like I said revisionists will like to blame everything on the war. I don't like the war either but truth be told.
Oil is up because of the perfect storm of, a combination of factors mainly due to supply and demand and a little group of capitalists known a speculators and finally a weak dollar. The world produces more oil today than at anypoint in history, close to 90million barrels a day. Demand is strong and supply is tight and at peak capacity. I don't want to go into how speculators bid the price up I'll leave it for anothe day but there you have it.
PSN - Kratos0518
