Debate: Oil price without War on Terror

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The price of oil is very high, over 140 $ a barrel. What would the price be if President Bush didn't start his mission to free Iraq, that is the War on Terror? SilvioB 11:13, 27 June 2008 (EDT)


I think that if Saddam Hussein were still in power, he would do everything to keep the price of oil artificially high. Instead, a free Iraq, despite all its problems and terrorism, helps to keep the price down. SilvioB 11:13, 27 June 2008 (EDT)


The cost of the war in Iraq, which has led to inordinate amounts of borrowing from other countries, has lowered the value of the dollar. With the dollar down, the cost of oil (and the speculation on such costs) has skyrocketed. Also, we have been unable to pump the amount of oil that we were assured by the gov't would occur after invasion. In essence, lower production and lower dollar value led to higher prices---both of which could've been avoided without the War on "Terror" (aka Iraq). --Jareddr 11:19, 27 June 2008 (EDT)

The same, can't tell, or other answer