That's it, by golly! The high price of oil is due to Iraq not outputting!

[Deja Q]

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B23CF762F-A6D3-4A30-A2DE-65C43818B4F9%7D&keyword=

Sadly, Iraq's output is 600,000 barrels/day or 2% of what the world needs.

2% and THAT is the reason emphasized as to why oil is so pricey?!

Now read this:

"You can measure progress in terms of oil sold on the market on behalf of the Iraqi people," Bush said during a press conference in the Rose Garden.

Putting Iraqi oil output back on track is crucial for the country, which earns around 90% of its total revenue from crude sales.

It's also important for the global economy since Iraq supplies more than 2% of the world's oil. The loss of some 600,000 barrels a day of Iraqi crude in recent months has been one of the main factors underpinning high oil prices, sector analysts say.

Paragraph 3 speaks volumes...

"I believe we will have a partner to do the hard work," Bush said.

Of course. Americans won't do it. :eyes:

Now read this:

"To me, it's an interesting idea for them to consider to basically say that, "No matter where you live in the country, you have a stake in the future of your country because of your ownership in our energy assets'," he said.

Gee, America IMPORTS 60% of its needs. Does this mean we're owned?

[Kutjara]

1. So let me get this straight...

...the 30% increase in gas prices in some parts of the US is the result of problems in the country that supplies 2% of the oil?

Damn, its that complimicated Bush Arithmatic again.

[SammyWinstonJack]

4. Freakin' fuzzy math!

:rofl:

[robinlynne]

2. ex ownership of energy assets. the Iraqi oil was all state-owned. We

"privatized" all of the state owned businesses in Iraq quite q while ago. i believe it was the very first thing we did there. besides kill people.

[MADem]

3. How dare Iraq NOT "put out????" Our PARTNER?????

Murkah has NEEEEEEDS, and it's Iraq's wifely DUTY to provide for them!!!!

At least that's the way it reads in the GOP playbook......

[Deja Q]

5. .

LOL