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Originally posted by Bout Time
They engineered the self fulfilling prophecy of allowing the 9/11 attacks leading to more control and less accountability of their administration and now they are poised to set that same mechanism in motion to justify a grab of the world's #2 Oil producer.
Those who expected big economic benefits from the war were, of course, utterly wrong about how things would go in Iraq. But the disastrous occupation is only part of the reason oil is getting more expensive; the other, which will last even if we somehow find a way out of the quagmire, is the intensifying competition for a limited world oil supply.
(It has been interesting to watch people who lauded George Bush’s leadership in the war on terror come to the belated realization that Bush has given Osama bin Laden exactly what he wanted.)
Even if things had gone well, however, Iraq couldn’t have given us cheap oil for more than a couple of years at most, because the United States and other advanced countries are now competing for oil with the surging economies of Asia.