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To: Redcloak
He ridiculed the idea that "big oil" would benefit from a war in the gulf. Yes, prices would spike, but over the long haul, increasing Iraqi production would lower oil prices and lower their profits.

Of course. This should be obvious to any thinking person.

11 posted on 09/12/2002 9:48:42 AM PDT by The Great Satan
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To: The Great Satan
Of course. This should be obvious to any thinking person.

"Thinking" being the key term here; hence the need for Friedman to explain this in painful detail to the NPR audience.

12 posted on 09/12/2002 10:43:09 AM PDT by Redcloak
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