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2004-08-21 Home Front: WoT

Sky-high oil prices seen keeping Wall Street under pressure next week

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Posted by Mark Espinola 2004-08-21 8:36:54 PM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Duh. Want to sell me something, Mark?

Posted by Mrs. Davis 2004-08-21 8:41:25 PM|| 2004-08-21 8:41:25 PM|| Front Page Top

#2 These kinds of reports tend to make my eyes glaze over. They're out of my fields of expertise. But I make myself read them and try to follow them, because the Bad Guys aren't really trying to defeat us militarily (except in Iraq). They're trying to make us collapse economically. Binny's said so himself on a few occasions.

We tend to forget how heavily dependent on oil we are, but the Arabs demonstrated in 1973 that a kick in the oil market could wreak havoc on our economy. The entire remainder of the decade was spent recovering from the oil embargo. Notice that the hottest spots on Islam's bloody border involve countries with oil.

Posted by Fred 2004-08-21 11:04:27 PM|| 2004-08-21 11:04:27 PM|| Front Page Top

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