Why Oil Is Not A Strategic Good

Doug Henwood dhenwood at panix.com
Mon Mar 31 12:28:29 PST 2003


JBrown72073 at cs.com wrote:


>Doug:
>>Are you assuming that if Bush is successful with his war, it will
>>result in a lower oil price than otherwise would have prevailed? I
>>don't buy that at all.
>
>No, the opposite.

Hmm, so Paul A thinks the war will result in lower oil prices; you, higher. Clearly opinions differ. My prejudice is that the oil market is too big to be manipulated for very long. Further research is clearly necessary.

Doug



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