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Old 04-13-2004, 16:54   #3
Airbornelawyer
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Re: Let's talk about Iraqi oil

Quote:
Originally posted by Roguish Lawyer
I have not thought this through yet, but gas prices are very high and we are spending an inordinate amount of blood and treasure liberating the Iraqi people. One might argue that this should be partially reimbursed in oil, although there would be PR consequences.

Anyone want to take a position?
Things to think through first:

1. Are gas prices really that high, on historically weighted terms (hint: inflation adjusted dollars)?

2. Assuming they are higher, at least in the short term, why are they higher?

3. Would "reimbursment" ameliorate this situation? How?

4. Assuming there were tangible benefits of #3, what would be the costs? Not just PR consequences, but things like loss of revenue for Iraqis for their country's reconstruction, etc.
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