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satyrne07 -> RE: Gas reaches 5 bucks in Cali.How does eveyone feel about five dollar a gallon gas? (11/16/2007 12:09:45 PM)
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Markets hate uncertainty and it has a direct impact on prices. While the war in Iraq isn't directly responsible for the rise in prices it's true that any administration would have known in advance that military upheaval in the middle east would drive up gas prices. Some might have thought twice before rushing into war with Iraq, thinking that rising oil prices would only serve as a Tax on Americans designed to benefit the Saudis & Russians. Rather a strategically retarded move.
This administration, (Bush, Cheney and Rumsfeld all had big oil backgrounds) plainly looked at the prospect of higher oil prices and thought, "Oh, a win/win!"
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