Iraq and energy price crisis

Washington editor Maureen Lorenzetti notes, "Unless the White House decides to bomb Iraq in the near future, it's likely the energy price 'crisis' is temporarily over for American consumers" (OGJ, Feb. 18, 2002, p. 24). This implies that if Iraq is bombed, oil prices will spike and another energy price crisis will be upon the world. This implied outcome is pure balderdash.Doesn't anyone pay attention to history? Every time the US has acted against Iraq, oil prices spiked temporarily and then collapsed, unless, of course, Iraq deliberately manipulated them higher by suckering the White House into attacking Iraq on Iraq's schedule, as in 1998.Iraq began "the oil price cr...

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