Buffalo Boy's Blog
Giving You More Than Just My Two Cents
They Want It TOO!!!!!
The democrats have been preaching it, Barack Obama is running on it as part of his war plan and the Iraqi's want it too.
The only problem is George W. Bush and the republicans can't get it through their simpleton minds that pulling out of Iraq needs to happen. The Iraqi's want us out and they want a timeline, yet George Bush doesn't want one and neither does Mr. "I want to stay there 100 years" Grampy McCain. At least we now know that this is precisely what I have been calling it now basically since I started this site. An OCCUPATION. Its not a war, the Bush Administration is occupying Iraq. With no timeline or timetable for withdrawal of our troops, what else can you call it. We are being lied to. We do not need to be there anymore. The Iraqi government is telling us that and they want their country back. So why won't this administration give it back?One word: OIL!
Simply put, lies, lies, lies.
look its the mesiah in the background. looks kind of black or is that white smoke who the fuck knows smoke is smoke. it takes an act of congress to end a war or an occupation. Remember the liberal policies of the eight years before bush took office are what allowed 911 to happen. You support those policies. last i checked the dems control congress. they don't want it to end. neither does the machine that thinks for you, the media.
u r a ignoramous two faced mf piece of shit on the end of ur pooper scooper. u fucking honkey white crap heap. they killed alot of peeps and u want to pull your pants down and take it up the ass!
He has a one sided train of thought. Hope he does't have kids. If they live in his world I'll be supporting them.
Who is they? They killed a lot of People? you mean Al Qaida NOT Iraq, Iraq killed nobody on 9/11 which was the only reason we went into war or occupation of Iraq.
2 important things to remember:
1/ The US will FOREVER now use Iraq as an air base for the Middle east , even when they do pull out, so We will never be entirely be OUT of Iraq.
2/ The US econamoy can not take the "hit" of all those GI's coming home at once. Also, the war machine produces Trillions of dollare in GDP and if that comes to a crashing halt than...YIKES
Bill, seriously? produces trillions of dollars in GDP? For whom? We are spending Trillions there that could otherwise be spent HERE AT HOME!!!!!!!!!!!!! Why do we need any airbase there? We should need nothing from that part of the world if we would come home, invest in ourselves and get off oil.
Its not GDP its GFP Gross Foreign Product
Try explaining the economic impact of the troops coming home to their wives and children. Im sure theyll be all ears. Give me a break. Besides, They are needed in other parts of the world like DARFUR that we have totally ignored, where by the way, Al Qaida is in full force and there is an awful lot of Chinese money going into helping create that situation. So I wouldn't worry about all our troops coming home, IF they all do, it would be great, great for their families.
Tell me one way that would be bad for the economy to have our troops home?
Unlike perishable agricultural products, oil can be stored in the ground. So when will an owner of oil reduce production or increase inventories instead of selling his oil and converting the proceeds into investible cash? A simplified answer is that he will keep the oil in the ground if its price is expected to rise faster than the interest rate that could be earned on the money obtained from selling the oil. The actual price of oil may rise faster or slower than is expected, but the decision to sell (or hold) the oil depends on the expected price rise.
There are of course considerations of risk, and of the impact of price changes on long-term consumer behavior, that complicate the oil owner's decision – and therefore the behavior of prices. The Organization of Petroleum Exporting Countries (the OPEC cartel), with its strong pricing power, still plays a role. But the fundamental insight is that owners of oil will adjust their production and inventories until the price of oil is expected to rise at the rate of interest, appropriately adjusted for risk. If the price of oil is expected to rise faster, they'll keep the oil in the ground. In contrast, if the price of oil is not expected to rise as fast as the rate of interest, the owners will extract more and invest the proceeds.
The relationship between future and current oil prices implies that an expected change in the future price of oil will have an immediate impact on the current price of oil.
Thus, when oil producers concluded that the demand for oil in China and some other countries will grow more rapidly in future years than they had previously expected, they inferred that the future price of oil would be higher than they had previously believed. They responded by reducing supply and raising the spot price enough to bring the expected price rise back to its initial rate.
Hence, with no change in the current demand for oil, the expectation of a greater future demand and a higher future price caused the current price to rise. Similarly, credible reports about the future decline of oil production in Russia and in Mexico implied a higher future global price of oil – and that also required an increase in the current oil price to maintain the initial expected rate of increase in the price of oil.
Once this relation is understood, it is easy to see how news stories, rumors and industry reports can cause substantial fluctuations in current prices – all without anything happening to current demand or supply.
Of course, a rise in the spot price of oil triggered by a change in expectations about future prices will cause a decline in the current quantity of oil that consumers demand. If current supply and demand were initially in balance, the OPEC countries and other oil producers would respond by reducing sales to bring supply into line with the temporary reduction in demand. A rise in the expected future demand for oil thus causes a current decline in the amount of oil being supplied. This is what happened as the Saudis and others cut supply in 2007.