If the Iraq War has been about nothing but Oil, then why has the price of gas done nothing but increase?

Question

If the war is all about oil, then why have we seen no benefits in this area? Why are we not paying 50 cents a gallon for gas?

We are loosely controling a country that is supposed to be sitting on one of the largest untapped oil deposits on the planet.

So why does the price of gas do nothing but increase?

Answer 1

LOL the 'war' has failed to produce profitable oil exports.

Oil production in Iraq is still BELOW pre-war levels. You can occupy the oil fields but you can't steal the oil if the rightful owners keep blowing up the pipelines!

Answer 2

HAHA The responses by ability of the individuals listed under are so BIASED and rancid beam haha... i'm no longer asserting that this is authentic, even nevertheless for all you ignoant human beings heres the way it works... Bush/congress cut back taxes, extremely assisting them ALOT... the superb concentration while making a living s beating taxation an inflation.... So we could say he will pay 30,000 a 300 and sixty 5 days in Taxes... by ability of having different thousands and thousands tied up in shares and such for those companies they gets a much bigger return on there funds than the 4 hundred,000 they get from the GOV't. Relize, they only made a ton of money. additionally, of be conscious issues like presents(super million greenback + presents to cheney and D congressman style l. a.) helps unfold that style of corruption... Plus, i'm a financial analyst, my pastime is to assist you to be attentive to adult males the information... i'm no longer asserting its authentic or incorrect yet thats the way it could ensue if all the different media to boot FOX, and a few editorials have been authentic... haha werent you human beings advised once you're youthful that if 565463 human beings say some thing yet 4 say the choice that those 4 are loopy? haha Whatevs i'm finished

Answer 3

The war in Iraq has nothing to do with the price of oil, it's about who controls the oil and SETS the price.

Answer 4

easy...because the oil multnationals, except for a few Asian companies, have not been able to enter Iraq--investors aren't crazy about war zones ya know? Daily attacks on pipelines, oil infrastructure and personnel don't go over to well with the bottom liners back home. So if we cannot increase production in Iraq, prices go up. It is all about the oil..trust me.

Answer 5

Because the Iraqi people are an uneducated suicidal bunch who miss having a dictator like Saddam saw their legs off with a wood-chipper. They are not human enough to understand that not being executed after refusing to sleep with Saddam's sons is a good thing. Personally, I think that all terrorist countries should be M.O.A.B.ed into the stone age and their oil should be taken by the U.S. Hey, we really wouldn't need their oil as their is more in any one of the following areas: The Colorao Oil Sands, Alaska, and the Gulf of Mexico. But amazingly, environmentalists won't allow us to drill in these areas! More amazing is the fact that they won't bat an eye in response to the fact that the Chinese are drilling right off of the Gulf (in our territory) as a deal with their communist allies the Cubans. Thank Clinton seriously as he sold them nuclear technology to get re-elected in '96! Yes, they can nuke us now if we interfere! Isn't knowledge an incredilbe thing!

Answer 6

Simply put the war wasn't about oil. ( just a reminder for some of you out there, it is about terrorism) It is an easy out for people to use that as an excuse and make a villian out of Bush. Thanks to the liberals in office we cannot drill in our own country, which would easily sustain us in our oil needs. They prefer that we rely on foreign countries for our oil. The days of cheaper fuel are long gone. We will not seen gas below $2.50 because the minute it heads that direction oil production will be cut so the prices will rise again. We are OWNED by the countries we purchase oil from.

Answer 7

the war isn't just about oil, but oil is a major part of it.
the US gets very little of its oil from the middle east. but if the oil trade were disrupted even more so than it is now over ther, say Iran seizes control, prices would sky rocket and we would miss the days of $3 a gollon. the oil in the ground there is essential for the future of the global economy.

Answer 8

Hmmmm,

Im gonna go with greed, just because the production cost drops or stays the same over a period of time doesnt mean that the product price will falow in that decrease or flatline,

example,

The cost of a home in iowa and the cost of a home in illinoise,

relitively the same location, travel wise for the basic building materials, how ever a 220K 4 bedroom 3 bathroom, 1575 up 1200 down sqf, 15 year old home in Iowa would sell for twice that in Ill. :)

Answer 9

Exactly! And why is OPEC having to put 500,000 extra barrels of oil a day on the market to stablize the price per barrel if we're supposedly putting all this Iraqi oil on the market and making huge profits?

Answer 10

It's about securing future supplies. The oil companies who support Bush are quite happy with a high price.

Answer 11

Agreed, those fools won't take in to consideration that all of Iraq's oil is piped to Saudi and OPEC. It would cost a fortune to take it out of Iraq. OPEC gets it and pays the Iraqi government their money for that oil.