Please give FACTS and support your answers.
Whould pulling out of Iraq help reduce the oil prices per barrel?
Please explain in depth
2007-11-09 04:07:52 · 8 answers · asked by Miami J 1 in News & Events ➔ Current Events
First, you have to understand that the actual cost of pulling a barrel of oil out of the ground hasn't gone up in decades. Prices rise because of 'scarcity' and because of instability, that is, if people think something might happen to interrupt the world supply of oil, the price goes up. Especially when the prices are set by a few big, powerful oil companies who don't have any real competition.
There is a theory that the only reason Bush's dad attacked Iraq years ago was to keep Iraq's oil off the world market and keep prices up.
Bush's bungling invasion of Iraq destabilized the whole region. Not only is it much harder to get the oil out of Iraq than he thought, but people also see a good chance that there will be a bigger war, that Iran and Syria and maybe even Saudi Arabia will get involved. This will make oil harder to get and much more expensive, and even the -possibility- of his happening is enough to raise oil prices.
A lot of people think it's very likely that Bush will drag Iran into the war. If that happens, Iran could easily sink a few ships in the Straits of Hormuz, making it impossible to get tankers in and out of the Gulf. That would suddenly cause a serious worldwide oil shortage. Just the thought of the possibility of that makes oil prices go up.
But even just as things are, it looks like it will be a long time, several years, before Iraq can be stabilized, before oil production can resume there at rates matching world demand. We are faced with a number of options in Iraq, all of them bad. We can stay and try to calm things down, which will take several years if it's possible at all. We can leave and let them sort it out among themselves, which will also take several years. So whatever happens, it doesn't look good for oil prices.
Meanwhile the oil companies are making incredible profits because -their- cost of the oil is still relatively low, and they're not paying for the war.
2007-11-09 04:41:39 · answer #1 · answered by Anonymous · 1⤊ 0⤋
the oil in iraq doesnt really affect it because around 25% of all of the worlds supply of crude oil is in saudi arabia, so we along with countries such as france, america and canada get alot of our oil from there. however if we did pull out you would probably find that the oil prices would decrease because war, which is payed by the government (paying for soldiers, fuel for tanks and planes, ammo, weopens, vehicles, rations etc), is very expensive. to pay for this the government bangs a load of tax on everything and one of the main reasons oil (especially in petrol and diesel form) has risen so much is because raising the price allows the government to tax the driver aswell, which, incase you havent noticed, has become somewhat of a priority because apparently they produce alot of the 2% of carbon emmisions humans generate, but that is a different issue and different answer to a different question.
so basically, the iraq war being stopped would mean that taxes on everything would drop, so yes, the price of oil probably would drop aswell
2007-11-09 04:36:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Pulling out wouldn't help the oil prices or inflation, Its simple as the rich want to get richer, Take GWB and crew all oil people looking out for there own benefits.
2007-11-09 04:13:45 · answer #3 · answered by Union_Dooz 6 · 0⤊ 0⤋
Mr. Bush would not have a conflict in Iraq. united statesa. has a conflict in Iraq. united statesa. sent the troops to conflict. the main substantial rationalization for best gas fees is severe crude oil fees. the fee of crude is in accordance with furnish and insist. It costs regardless of all of us is prepared to bid for it. lots of the over pricing is in accordance with defective speculative anticipation. *
2016-10-15 21:58:21 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Actually it is not the main reason (altho when you destroy any oil fields,it makes business people nervous)
The real reason, which no one wants to talk about, is THE FALLING DOLLAR.
Soon, going into Walmart will be as expensive as Macys. The dollar is becoming worthless.
2007-11-09 04:24:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Facts umm,, the war has been going on for YEARS. Why would oil prices up up NOW, if it was war related?
2007-11-09 04:15:45 · answer #6 · answered by jon_mac_usa_007 7 · 0⤊ 0⤋
No, we get most of our oil from Brazil.
2007-11-09 04:24:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Supply and demand.
2007-11-09 13:01:41 · answer #8 · answered by Anonymous · 0⤊ 1⤋