Friday, June 27, 2008

Politics and Oil


I remember the late Kurt Vonnegut, shortly after the Iraq War was launched, saying it was all about oil. Certainly evevents have proven him correct. Sadaam Hussein was an evil dictator, but so is Mugabe in Zimbabwe, and Kim Jong Il in Korea. They weren't invaded. Their country doesn't sit on oil.


It amazes me this election that the democrats haven't done a better job tying the bad economy to the war. Sending hundreds of billions of dollars to Iraq causes big budget defecits which weaken the dollar, and the weaker dollar means a weaker economy and higher prices for oil. It's a simple calculation, but noone is making it!


Almost noone.


A great blog which looks at oil from both the left and the right can be found at (http://www.theoildrum.com/story/2006/4/26/121441/891).


Enjoy!

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