The Dems don't like this news. Thus their activities down in Tampa.
But hyper-inflation bolstered by Obozo-Bernanke printing presses running full tilt 24/7/365 will insure we still pay $4+ per gallon for decades to come.......
So good to know we can still depend on Mid-East oil.
Love to see the day when OPEC sheiks have to try eating sandwiches made of the crude they can’t sell.
OK... I agree with the title of this article but I’m still p*ssed-off that W & Administration agreed that all of that oil revenue would go to the Iraqi people... At a MINIMUM, royalties should have gone to the people of the USA for a decade or two (or until the cost of that freeing Iraq enterprise was fully returned). JMHO.
F Iraq, we need to get our energy from home, and stop being held hostage by the Middle East.
Iraq has barely scratched the surface. Ditto Kazakhstan.
??? It closed just below $85 today.
So that’s why the Iraqis are yammering to the Saudis about how oil can be used as a weapon against us....they want to give us cheap oil! Those jackasses aren’t going to flood the market for us.
actually strategic victory in the middle east would be created by collapsed oil prices. why?
all the gulf arabs need at least 80@barrel to pay for their government goodies. I’ve heard the saudis say they can scratch by at 60@ barrel. maybe.
at 30-40@ barrel all these countries start to dip into their strategic capital reserves. let them do that for a decade and they’re flat broke.
guess what happens when they’re flat broke.
they can’t fund all the madresses around the middle east that act as the top of the funnel for the jihadists.
For example pakistan had a total of 10 madrasses in 1980. Today there are about 10,000 madrasses. They generally don’t teach anything useful. they just teach islamic claptrap and serve as recruiting grounds for the jihadists.
they’re all funded by the gulf arabs. but take take away the gulf arabs money—and these maddrasses will wither up and die.
no more new jihadists can come into play.
This may sound odd and wierd strategic plan to most here. But the cold war with russia was also fought in the same way. This was called the containment policy. the policy was devised in 1948 and the fruits of the policy came in 1990 with the fall of the soviet union. The whole point of the containment policy was just to keep the soviet empire from expanding. The policy’s formulator, George Kennon simply belived that communism was a bogus economic system. That it would eventually collapse of its own weight—if and only if—it were prevented from expanding.
So that’s what the USA did for 50 years. Kept the Soviet Union from expanding further. Finally it collapsed. Just as kennon said it would.
Same goes for the Jihad war in the middle east. Strategic victory will be achieved by collapsing the cost of oil.