Are the Islamic countries that control the price of oil trying to destroy the US economy?

1. The price of oil goes from $35 per barrel to $110 in several years.


2.China and India have increased demand for oil during that period but not by 3X the previous price.


3.Islamic countries are the the major exporters of oil.Are the Islamic countries that control the price of oil trying to destroy the US economy?
Back in the 70s, Oil quickly ran up to about $35.00 a barrell. America geared up for alternate fuels. They called them SynFuels back then. Once OPEC realized we were serious about creating different fuels, the price magically dropped to $17.00 a barrell.





$35.00 was a ';break even'; price that meant it was not economically feasible to create alternative fuels at prices lower than $35.00 so guess what.........so here we are.





If the socialists and America haters would allow us to develop our energy sources we could flip the bird to the middle east...........but the tree huggers won and here we are.Are the Islamic countries that control the price of oil trying to destroy the US economy?
80 percent of Americas oil comes from Mexico and Canada so in all actuality the Islamic countries don't really affect our oil the government just wants us to think that the war on terror is the reason for the gas prices as bush sits back and collects the money due to his family oil refinery nice hey !!! also if we used some of our own oil from alaska instead of sending it all to japan our prices might be lower also
no they arent. theyre trying to pay back in the most discreet of manners for all the damage the states has caused :) the money is needed for restoration of the broken homes and lives left behind by the americans.





actually its because theyre probably running low on oil. the prices of EVERYTHING is going up, and EVERYONE'S a victim, not just the states, you know.
Probably.





Its only fair:





The US is trying to destroy their culture.
It's their country and their oil so they can choose their own price. The war is probaly a major role in the high prices.





Although I am a driver, and I am worried about the prices as I am a student and rely on my car to get me to college...





I suppose it's good in a way because maybe it'll encourage people to work on alternative cars.
Chris H is right. Oil has not increased in price, the dollar has declined in value. Please see the link for a graph of historical oil prices in dollars and gold. It is the FED that is destroying the US economy, not scary foreigners.
In economics you find that a double in demand is not a double in price, it can be more or less. The value has not tripled, gold is a better standard then USD, and the price of oil and gold have remained nearly proportional. So it is the USD that has $110 dropping to the the value of $35. That is why we have not seen the stock market value go down, we have inflated the dollar so it looks like the stock market is doing better.


True, they could increase the production, but this would do little because the value of the USD has fallen so much.
There is probably a hidden agenda by these countries be a factor, but there is also the US foreign policies that factor in, along with domestic credit abuses. It is costing America trillions of dollars to have troops in the middle east, in comparison China has no troops deployed outside its borders.
Canada is America's number one oil importer?





Most oil used in they USA comes from these three nations:





1 Canada


2 USA


3 Mexico.








Nice try though, at blaming Arabs.
No. In USA there is enough oil. USA themselves speculate with oil. The USA control islamic countries by the oil. It's a hate-love between USA and islamic countries.





But as a catholic I hope that the economy of the USA is destroyed and that the islamic countries lose their main partner to keep their intolerant regimes.
In a word, YES.





In several words:





%26lt;%26lt;


American ';Dollar'; Imperialism





';Imagine this: you are deep in debt but every day you write cheques for millions of dollars you don't have -- another luxury car, a holiday home at the beach, the world trip of a lifetime. Your cheques should be worthless but they keep buying stuff because those cheques you write never reach the bank! 鈻篩ou have an agreement with the owners of one thing everyone wants, call it petrol/gas, that they will accept only your cheques as payment. This means everyone must hoard your cheques so they can buy petrol/gas. 鈼凷ince they have to keep a stock of your cheques, they use them to buy other stuff too. You write a cheque to buy a TV, the TV shop owner swaps your cheque for petrol/gas, that seller buys some vegetables at the fruit shop, the fruiterer passes it on to buy bread, the baker buys some flour with it, and on it goes, round and round -- but never back to the bank. 鈻篩ou have a debt on your books, but so long as your cheque never reaches the bank, you don't have to pay. 鈼処n effect, you have received your TV free. This is the position the USA has enjoyed for 30 years.';





Since the US emerged as the dominant global superpower at the end of the Second World War, US hegemony rested on three unchallengeable pillars: 1) overwhelming US military superiority over all its rivals; 2) the superiority of American production methods and the relative strength of the US economy; 3) control over global economic markets, with the US dollar acting as the global reserve currency.





%26gt;%26gt;





http://www.uruknet.info/?p=m23320%26amp;hd=0%26amp;s鈥?/a>





This is even better -- it actually explains the real reasons Washington went to war in Iraq (no, not those phantom WMDs). From 2003:





%26lt;%26lt;Capital is flowing out of the dollar, largely into the Euro. 鈾any are beginning to ask whether the objective situation of the U.S. economy is far worse than the stock market would suggest.鈾?The future of the dollar is far from a minor issue of interest only to banks or currency traders. It stands at the heart of Pax Americana, or as it is called, The American Century, the system of arrangements on which America's role in the world rests.





Yet, even as the dollar is steadily dropping against the Euro after the end of fighting in Iraq, Washington appears to be deliberately worsening the dollar fall in public comments. What is taking place is 鈾 power game of the highest geopolitical significance, the most fateful perhaps, since the emergence of the United States in 1945 as the world's leading economic power.鈾?br>




The coalition of interests which converged on war against Iraq as a strategic necessity for the United States, included not only the vocal and highly visible neo-conservative hawks around Defense Secretary Rumsfeld and his deputy, Paul Wolfowitz. It also included powerful permanent interests, on whose global role American economic influence depends, such as the influential energy sector around Halliburton, Exxon Mobil, Chevron Texaco and other giant multinationals. It also included the huge American defense industry interests around Boeing, Lockheed-Martin, Raytheon, Northrup-Grumman and others. 鈻篢he issue for these giant defense and energy conglomerates is not a few fat contracts from the Pentagon to rebuild Iraqi oil facilities and line the pockets of Dick Cheney or others. It is a game for the very continuance of American power in the coming decades of the new century. 鈼?That is not to say that profits are [not] made in the process, but it is purely a byproduct of the global strategic issue.





In this power game, 鈻簂east understood is the role of preserving the dollar as the world reserve currency, as a major driving factor contributing to Washington's power calculus over Iraq in the past months.鈼?American domination in the world ultimately rests on two pillars -- its overwhelming military superiority, especially on the seas; and its control of world economic flows through the role of the dollar as the world's reserve currency. More and more it is clear that the Iraq war was more about preserving the second pillar -- the dollar role -- than the first, the military. In the dollar role, oil is a strategic factor.





%26gt;%26gt;


http://www.williambowles.info/guests/dol鈥?/a>





Deep in that article is news that Saddam Hussein conspired with a French bank to erode ';petrodollar recycling'; -- that phenomenon that keeps a bankrupt currency in demand around the world.

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