How is this war with Iraq over oil going to effect our global economy?
156573
First, your question is flawed by assuming the war is for oil.\n\nSecond, I have done two tours in Iraq. The vast majority of Iraqis love Americans. The kids love us and want to shake our hands. The adults love us and regularly invite us to dinner and special occasions. They love us when we build schools. They love us when we build roads. They love us when we rid villages of insurgents.\n\nDon't believe what the liberal media is spinning. They have an agenda just like you.
69495
You have a point about oil revenues from Iraq paying for the war.  So far, production has not made this possible.  The government doesn't sell gas, oil companies do.  They sell their products at the price the market will bear, just like Home Depot, American Airlines, and Wendy's.  Exxon-Mobil made about 9.7 cents per dollar of revenue during their biggest quarter last year, which was their biggest quarter ever.  Want to know what your bank made?  Probably around 25 cents!! Wonder no more why interest rates are so low....the banks are pocketing the change, but you don't hear any uproar about that.   Oil companies typically make around 5.7 cents per dollar, lower than most industries.  If you want to live in a country that has price controls, try China, Cuba, or the former Soviet Union.  Didn't work out too well for them.
980107
YES it is all about oil. It will not change unless there is a revolution or Revelation. Our children will continue to DIE to support the "status quo" failed petroleum policy of GWB and Company.\n\nRead the White House energy policy signed by Dick Cheney. Not much about getting out of the Oil Economy here:\nhttp://www.whitehouse.gov/energy/summaries.pdf
900566
Hey, how is it going? I'm not an specialist in oil research, but I had to do a report on the increment of city revenues - the main source it's a oil refinery.\nThere are two good websites: World Energy Outlook and the Energy Information Administration (EIA).\nThe reports on the EIA are much more comprehensive and have projections until 2030. There's also access to previous reports.\nI hope that information will help you!
322803
The price of oil is based on supply versus demand.  As a consequence, there is very little that you by yourself can do to influence it's price on a global scale.  As a group, if Amercians could increase the national economy rate by buying more efficient vehicles and/or changing driving habits, then this would help to effect the price of oil on a global level.  However, there are other factors, such as the growing economies of both China and India that will also influence the price of oil.  Our cuts in consumption here may be negated by increased consumption there, thus allowing prices to remain the same per barrel of crude oil.\n\nBeyond the consumption aspect on price per barrel of crude oil, there are also other factors.  What with the turmoil in the Nigeria Delta region, Nigeria's production capacity has been lowered.  Couple this with what is going on in Iran now, and you have the effects of politcal action on the price per barrel of crude.  \n\nIt may seem like I'm going all over the place here, but there are many things that influence the price of oil.
857077
Securing a long term stable supply of Oil is the ultimate motive for the US's involvement in Iraq.\n\nOne of the biggest challenges facing the developed world in the next three decades is supply of energy. Oil is the blood of the economy - when the price per barrel of oil moves - so too does inflation, government policy, and ultimately the growth of nations.\n\nthink about this.. The US removing Iraq's dictator and being involved in the rebuilding both politically and physically of the new Iraq puts the Bush administration in a position where they can ensure they have links to the Iraqi government at a high level. This in turn takes much of the political risk out of the oil supply from this oil rich nation.\n\nIt also doesnt hurt that American contractors were guaranteed 95% of the rebuilding that is underway and will be underway in the next decade in Iraq.\n\nIraq, Afghanistan and East Timor are all cash cows for oil - much to the detriment of the local populations.\n\nWhat about Tibet, Burma (Myanmar), some of the war torn African nations... no one cares - they dont have any oil...\n\nIf you enjoy the Western lifestyle offered in the US, England and Australia your best bet is to support the securing of oil or who knows what the next 30 years will bring.
563191
It has nothing to do with OIL it has to do with Religion. This land is my land this land is your land...like the old saying goes.. this is why the war is on. Its all about POWER and CONTROLL. Its not Bush's fault nor Iraq. This is God's war. READ THE BIBLE!!!!
425194
Global oil production is about to peak.  Supply will go down, demand up.  This equals economic ruin.  It is easier to kill others on far away soil for oil, than it is to ask Americans to consume less.\n\nBush's agenda:  secure oil so Americans can continue to be obese SUV drivers while the rest of the world fights for the scraps.  Do this at all costs.  "Our way of life is not negotiable." G.W.Bush
1029305
It depends on who you ask.  In the United States it depends on whether you are a Republican or a democrat,  a neo-conservative or a liberal.  Both parties are irrelevant as this is a scientific question. \nIf you listen to UK based Colin Campbell, oil will peak around 2016.  Keep in mind that you must consider middle east oil producers, and countries outside of the middle east, which are expected to peak a lot sooner.  However, the US Geological Survey paints an extremely Rosy picture, with oil production most likely to peak around 2040.  I would say it has a built in optimism since it doesn't factor in geopolitical events.  It also depends on the amount of conservation and alternative energy sources being developed and utilized by the world.  This will also effect production.  You can find this data in the June 2004 issue of the National Geographic Magazine.  US president George Bush plans to stay in iraq until 2016.  Coincidence?
664209
There is an oil dimension but not the simplistic one that most people trott out.\n\n1) The U.S has no need of Iraqi oil. It actually has no dependance on any middle eastern oil supply for its own domestic needs.\n\n2) The main recipients of Iraqi oil have been and continue to be France, Germany, and Russia.\n\n3) The stability of global oil supply is vital for the continuance of our society. Everything you eat, wear, work at, use or enjoy depends on oil, and the price of oil. If you listen to some people they would tell you that its about putting gas in your SUV and 50 cents less per gallon, but its not. A minor raise in the global oil price, caused by some kind of mad fundamentalism could melt our society down faster than a horror novel.\n\nThe U.S has enough strategic reserve and alternative supply to ride it out, but oddly its the anti american countries like Germany and France who would suffer the most if the U.S didnt act as the worlds policeman.
118212
Not at present as;\n\nA) IRAQ will now provide much of the oil the USA wants, at a price it likes. Therefore it can afford some disruption to oil supplies from Saudia Arabia - it won't cause panic buying in the US.\n\nB) The are easier targets which, if invaded/attacked, will restore US confidence in its armed forces and help get a Republican re-elected to the White House.\n\nNope - no attack on IRAN in the near future.
480104
It is already happening.  It's not a shooting war but an economic one centering on oil.  All the more reason the US needs to wake up and devlop alternate, domestically based energy sources.
83125
First off, for those that answered, we are NOT in Iraq for oil. Our main oil supply comes from Canada. North America(including our own country) supplies almost THREE TIMES the amount of oil we get from the Middle East. If we were in it for oil, we would have invaded Canada long ago, and it would have been an easy fight(no offense to Canadians). It is well known(to those who dont ignore it) that Iraq harbors, even promotes, terrorism toward other nations. Well, it used to, before Good ol' Dubya handled it. So get some facts before you force your unfounded statements on everyone.\n\nAnd to answer the question, no, the war in Iraq is not over. It will not be until the job is done. If we had an immediate withdrawl, as many liberals want, Iraq would become a refuge, a hive, of terrorists, greatly increasing the chance of another attack against the U.S. We are trying to make peace, because you cannot keep it if there is none to begin with. If liberals really try hard and look into the future, then they will see that its for the better, but i highly doubt that their highly biased minds will consider that.
989569
Truthfully and without sarcasm: no. Plain and simple. The hike in gas isn't just because of us invading Iraq. More and more people are using gas: it's the law of supply and demand. If the demand for a product goes up and there's a little supply (there really isn't a small supply, but these countries have to supply the whole world) the price goes up. Plus, with us being in the Middle East, other huge oil producing countries like Iran--especially with the controversy over their nuclear weapons program--might sell less oil to us, thus lowering the supply with the high demand, increasing the price.  And as long as the American people can and will pay for the gas, they'll keep selling it.  Also, as a result of whatever sanctions or mandates are out there on some foreign oils, prices will go up.  Just because there are oil fields in Iraq, doesn't mean that we went in there for that. Why would we do that? If the gas prices were moderate while Saddam was in power, without this huge hike in prices, why would we go in there specifically for oil? What would you do if you suspected a foreign power was invading you to overthrow you, take your money from the oil away and put it in their pockets? You'd do the same thing Saddam was doing (sabotaging oil fields and the pipelines).  The only reason why the oil prices went up to begin with during the Invasion was because Saddam felt that he wasn't doing anything wrong (like the genocide, even building up his military) and that the only reason the Coalition (led by the U.S.) was invading his country was because of the oil. And when the oil prices get high enough, don't you think people will find different venues around them? Like more carpooling, public transportation, bicycles. I know when they get so high that it's really burning a whole in my pocket, I'm buying a train pass.
365479
At some point (are we already there?) we will hit what is called peak oil, meaning we will pump more oil that year than was ever pumped or will ever be again.  Then, unfortunately, things will get scary as we are compteting with India and China for oil.  What happens if China makes a move on the oil fields in the middle east?  Are we going to go to war for it?  This doesn't have to come about if our government actually plans for this by funding research into alternative fuel sources.  We can't wait for government, though.  We can change the way we live - enough with the SUVs, turn your heat down, ride (God forbid, if you're an American!) your bike to the store, ect.  Small changes can actually add up if we all do it...or even if 10% of us do.  The key is starting now...not when its already a crisis.
924258
There is nothing to talk about since, there is no oil being produced for exporting...and there is hardly any oil being produced for domestic consumption. \n\nBut, this may have more to do with the big oil companies than anything else. If Iraq were to begin producing and exporting oil, the price of oil would drop dramatically, since Iraq would be flooding the market with oil,and thus creating a greater supply, and thus reducing the demand, and thus, reducing the price.\n\nIf you ask me, every day that Iraq remains unstable, the oil companies jump for joy.\n\nS.T.
313436
I believe if America keeps doing focusing on fighting with Iran and Iraq then another country (China or Japan) is going to be the most industrailized and richest. Also, the world is going to be so globalized, we are going to be outsourcing every job possible to keep prices down and to make the big buisnesses even bigger.