I can’t believe the patronizing tone of this Jim Hoagland letter to his friend, Ali, but that’s not the purpose of this post.

Hoagland also says that the war isn’t about oil: “That brings me to oil. Ali, this is not Big Oil’s war. Big Oil is interested in price and supply stability. War is bad for both. Yes, Bush and Cheney come from oil backgrounds. But I think that inclines them to want a Goldilocks world: oil prices that are neither too high nor too low but just right, in the range of $25 to $28 a barrel, which suits OPEC, Russia and Texas. You don’t go to war in oil fields to achieve that result, or to improve your economy or your approval ratings. The downside risks in all those cases are too high.”

Well, I believe that GWB will probably screw the oil companies, not reward them. I wouldn’t be surprised to see oil at $10 a barrel by the end of the year.

This entry was posted on Sunday, February 9th, 2003 at 7:22 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.