Sunday, May 25, 2008

Paying for Iraq in Canada

Every time you go to the gas pump you're paying for George Bush's misadventures in Iraq and you're paying a lot.

The Independent on Sunday reports that the Great Bush Blunder has trebled the world price of oil:

"The oil economist Dr Mamdouh Salameh, who advises both the World Bank and the UN Industrial Development Organisation (Unido), told The Independent on Sunday that the price of oil would now be no more than $40 a barrel, less than a third of the record $135 a barrel reached last week, if it had not been for the Iraq war.

He spoke after oil prices set a new record on 13 consecutive days over the past two weeks. They have now multiplied sixfold since 2002, compared with the fourfold increase of the 1973 and 1974 "oil shock" that ended the world's long postwar boom.

Goldman Sachs predicted last week that the price could rise to an unprecedented $200 a barrel over the next year, and the world is coming to terms with the idea that the age of cheap oil has ended, with far-reaching repercussions on their activities."

Dr Salameh told the all-party parliamentary group on peak oil last month that Iraq had offered the United States a deal, three years before the war, that would have opened up 10 new giant oil fields on "generous" terms in return for the lifting of sanctions. 'This would certainly have prevented the steep rise of the oil price," he said. "But the US had a different idea. It planned to occupy Iraq and annex its oil.'"

So the next time you fill'er up, remember to thank George Bush and his pals for that extra twenty or thirty bucks you're leaving at the cash register. It's no wonder Harper wanted Canada to fight in Iraq.

1 comment:

LeDaro said...

Greed and arrogance brings the empires down. Add stupidy to it and it is a recipe.