Tuesday, June 21, 2011

No Oil For Blood!

Reversing The Eyes-Wide-Stupid Refrain Of The Functionally Illiterate Loons Who Believe We Fight For Booty

The idea that oil lust drives America’s Middle East policy is a perennial—and tired—saw invoked by U.S. critics both at home and abroad. But why, then, does America keep spurning this oil through sanctions on hostile regimes? In the decade between the two Iraq wars, America wouldn’t let Saddam Hussein sell any oil except for food. Washington’s sanctions on Iranian oil are costing America $38 billion to $76 billion  annually in lost revenue. And America had sworn off Libyan oil until Gadhafi abandoned plans to develop weapons of mass destruction and compensated the victims of the Lockerbie terrorist bombing.
That we are after Libya’s oil is particularly untenable for the simple reason that Libya is only a bit player in the world oil market. It is not even among our top 15 crude oil suppliers. The U.S. consumes about 20 million barrels a day and Libya produces 1.7 million barrels for the whole globe. America lost 1 million barrels a day during Hurricanes Katrina and Rita and the U.S. economy barely hiccuped.

So when all is said and done, we've lost over a hundred billion smackeroonies in our greedy thirst for precisely what commodity? Doesn't sound like oil had anything to do with either Iraq war. now does it? In fact with all of our endeavors in the middle east, including our support for Israel, the price for democracy over oil has been too high to calculate.

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