Home | Community | Message Board
You are not signed in.
Sign In New Account
Forum Index Search Posts Trusted Vendors Highlights Galleries FAQ User List Chat Store Random Growery

Magic Mushrooms Zamnesia
This site includes paid links. Please support our sponsors.

General Interest > Political Discussion
Threaded Mode Threaded  Previous topic Previous  View all topics Index  Next topic Next 

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post Pages: 1 | 2 | 3 | 4 |  [ show all ]
Op:Iraqi Freedom as a push for oil money? I don't think so..
    #1491634 -

Greets,
Since we first heard the rumblings coming from the White Houses war drums, liberals have been shouting and protesting how the war is an obvious ploy by that Texan Oil Tycoon Bush to get some more oil for the US. They state that it will boost our economy. Well, for that to happen, we'd have to make money by taking the oil. Let me explain why that will never happen.

The estimated output of Iraqi oil fields is 1.1 million barrels per day. The price of cude, as of today, is 26.65$. If we multiply those to see just how much money selling all of that oil would be, we obtain a figure of 29,315,000$ per day. That is how much all of Iraq's oil output would be SOLD for, this doesn't include the cost of business that would subtract from the profit.

Now, Bush has told us, and congress, that the cost of the war is eighty billion dollars (thats 80,000,000,000$). If we take the total amount that JUST the war (not the humanitarian aide, etc) cost us and divide by the amount of money we would in a "perfect" business make from the oil fieldsper day, we can see how many days it would take us to earn back the 80 bil we spent. 80,000,000,000 / 29,315,000 = 2728.978 days to earn back our money. divide that by 365 (for years) and we get 7.476 years. So, if we had a business plan that is impossible (pure profit, no cost/overhead), if we took EVERY, SINGLE penny that the nation of Iraq earned from selling it's oil, then in seven and a half years we'd have made back JUST what it cost us to fight the war. That sounds,to me, like a pretty big hole in the "war for oil" theory.


Pz

johnny R


--------------------
As I felt the soft cool mud squish between my toes, I thought, Man, these are not very good shoes!

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: JohnnyRespect]
    #1491846 -

Adding more oil to the supply drops the price per barrel, and in turn lowers the cost of gasoline, which in turn raises the real income of American consumers who now have more money due to the increase in real income which they can spend on other goods. This bolsters the economy and GWB is a hero.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1491872 -

This naturally would be counteracted by the cost of going to war through taxation, but it wil be likely be "hiddien" from taxpayers through deficit spending. I don't know much about the oil industry so I couldn't even begin to predict a price change. The real income effect that a drop in oil prices could potentially be greter than $80 bil, though I doubt it, at least not this year anyway.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1492023 -

umm...since when do wars cost money? i mean sure...they cost money...but who where does that money go to? the american government? YOU GUESSED IT!! YOU WIN A BILLION DOLLARS!


--------------------
enjoy the entertaining indentity i have constructed for you while you can.

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: atomikfunksoldier]
    #1492161 -

I_FART - Um, yea, the econ doesn't work that way exactly. We still have 80 billion dollars to pay for the war.





--------------------
As I felt the soft cool mud squish between my toes, I thought, Man, these are not very good shoes!

Edited by Rono (04/25/03 03:13 PM)

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: JohnnyRespect]
    #1492429 -

You showed me, not to mention all of my economics professors.



Wait. No. That is exactly the opposite of what happened. Do you really want a lesson on the real income effect and deficit spending, or do you maybe want to accept that somebody who is working on a degree in economics may have some clue as to what they are talking about? Either is fine with me.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Edited by Rono (04/25/03 03:14 PM)

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: JohnnyRespect]
    #1492693 -

That is what their output is now. What about after Haliburton's subsidiary comes in, repairs infrastructure, and is fully able to exploit the 2nd largest oil reserves in the world? They will be exporting a hell of a lot more than 1.1 million barrels a day! More oil=drop in prices. Drop in gas prices here means stimulation for the economy through war. Gas is the "oil" of our economic machine.

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: Buddha5254]
    #1493215 -

I wish I could be a liberal and play on "what if's" and stuff. Who the fuck cares, Iraq is ours, and if you don't like it, you should pay .20$ more for Iraq. As for I_F_B getting his degree in econonmics, my GF has her masters in Econ and one in accounting, so if you'd like to debate, i'd be happy to let you talk to her.


Pz

Johnny R


--------------------
As I felt the soft cool mud squish between my toes, I thought, Man, these are not very good shoes!

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: JohnnyRespect]
    #1493248 -

Good for her. But I am not debating with her am I? It was you who challenged what I said and made a rediculous claim about something which you obviously have no clue about. Backup what you said if you think you're right. Otherwise don't bother posting a reply, because I will entertain nothing else but.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Edited by I_Fart_Blue (04/25/03 03:23 PM)

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1493295 -

Both of you need to play nice...I have no problems banning either one or both of you if this turns into a flame fest.


--------------------
"Life has never been weird enough for my liking"

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: Rono]
    #1493330 -

You're imagining things, Rono.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1493337 -

Quote:
You're imagining things, Rono.


Power has not been good for him.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: Rono]
    #1493352 -

Fucking rono brandishes his modly powers again....
Does it make you feel powerful to threaten people with banning?


--------------------
"Know your Body - Know your Mind - Know your Substance - Know your Source.

Lest we forget. "

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: luvdemshrooms]
    #1493360 -

Well in his defence, I did edit the flames out of my post. They were good too.... :frown:


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1493366 -

They may have been. That doesn't change the fact that the mod powers seems to have not been good for him.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: Azmodeus]
    #1493369 -

Rono is not only powerful, he is wise too...

and compassionate and generous and Canadian.


--------------------
To call humans 'rational beings' does injustice to the term, 'rational.'  Humans are capable of rational thought, but it is not their essence.  Humans are animals, beasts with complex brains.  Humans, more often than not, utilize their cerebrum to rationalize what their primal instincts, their preconceived notions, and their emotional desires have presented as goals - humans are rationalizing beings.

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: Evolving]
    #1493374 -

I'll buy the Canadian part...... but as for the rest......
**pre-edited for Rono**

:grin:


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: luvdemshrooms]
    #1493378 -

Bah, he's just doin his job, enforcing the rules of the forum. I don't fault him for that. I've actually been fairly vocal about them not being enforced. I figured I'd probably catch some hell for my post. Rono happened to catch it faster than I thought he would.


--------------------
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind. I do not know which makes a man more conservative-to know nothing but the present, or nothing but the past." -John Maynard Keynes

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think so.. [Re: I_Fart_Blue]
    #1493392 -

Quote:
Bah, he's just doin his job, enforcing the rules of the forum. I don't fault him for that. I've actually been fairly vocal about them not being enforced. I figured I'd probably catch some hell for my post. Rono happened to catch it faster than I thought he would.


While I suspect he'd be fun to party with, I think he's not the man for this job. And I voted for him!


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

Extras: Filter Print Post Top
Re: Op:Iraqi Freedom as a push for oil money? I don't think [Re: JohnnyRespect]
    #1493469 -

You get'em farty.

Getting oil will definitly help our economy a lot. To put it simply, the surplus of oil will lower the price of oil thus making us pay less for it. We will then have that savings to spend in other sectors of the market. So the money I save on oil will be spent on a new pair of whitey tighties at wal-mart which will be part of somebodies paycheck which they will spend somewhere else and on and on. It multiplies.

Also if we are spending money on the war for, say, a couple jets, the government pays boeing for them which in turn pays all the american workers at boeing. We're giving ourselves money.

Extras: Filter Print Post Top
Jump to top Pages: 1 | 2 | 3 | 4 |  [ show all ]

General Interest > Political Discussion
Threaded Mode Threaded  Previous topic Previous  View all topics Index  Next topic Next 

Similar ThreadsPosterViewsRepliesLast post
* iraqi freedom fighters 'liberate' 12 captives...
( 1 2 all )		 Anonymous 1,483 33 09/04/04 06:24 PM
by Evolving
* Newfound Iraqi Freedom Curtailed Swami 788 6 06/23/04 08:11 PM
by afoaf
* Operation Iraqi Freedom Swami 349 1 02/01/05 03:18 AM
by zahudulallah
* Seems the iraqi's don't like al-Jazeera
( 1 2 all )		 luvdemshrooms 2,827 30 04/04/03 10:19 AM
by Prodijal_Son
* The Average Iraqi:
( 1 2 all )		 JohnnyRespect 2,857 37 04/24/03 01:03 PM
by Phred
* bush pushes through patriot 2 while we look that way! jiva 1,704 13 12/26/03 04:39 PM
by Anonymous
* They're setting the oil wells on fire
( 1 2 3 4 5 all )		 LearyfanS 3,269 80 03/22/03 11:02 AM
by Murex
* Oil: Arab Wars = $ Oil Profits $ amanita3 1,658 12 08/31/02 11:36 AM
by Lallafa

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Enlil, ballsalsa
3,982 topic views. 2 members, 17 guests and 45 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2026 Mind Media. Some rights reserved.

Generated in 0.036 seconds spending 0.013 seconds on 18 queries.