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lindysalsagal

(20,581 posts)

50. The Greg Palast theory: Controlling the oil futures market: The price of oil.

Reply to senseandsensibility (Original post)

Tue Feb 19, 2013, 01:33 AM

Feb 2013

Iraq wasn't part of OPEC, which rigged the market for their own interests. Hussein wouldn't play fair: He'd turn on his tap, flood the market with oil, and the price would plummet.

Then, he'd turn off the spigets and the price would shoot up.

It wasn't getting the oil: It was controlling the price, and allowing the insiders to continue making a killing in oil futures.

He wrote a book: Google it. This answer really makes all of my questions stop. It makes total sense.

Shrub had been a failure at everything he ever attempted, including oil drilling. This was his chance to control the market and win: He provided a proxy army for Saudi Arabia: Our soldiers. The saudis don't dare keep a standing army: It's too dangerous, and too hard to control and protect and move. So, their best buddie Shrub provided the army and we'll never know the extent of the kick-backs the Bush's and their friends enjoyed.

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Wondering if anyone here agrees with me about why we went into Iraq [View all] senseandsensibility Feb 2013 OP

Destabilization of the Middle East, oil/energy control, defense contracts, increased pentagon TwilightGardener Feb 2013 #1

+ neoconservative desire to increase W's power as "CIC" struggle4progress Feb 2013 #6

True. "War President", that was a big deal until Prez O. TwilightGardener Feb 2013 #7

What you said +1 LibGranny Feb 2013 #29

+ hand the treasury to their friends while bsnkrupting the US so that rurallib Feb 2013 #46

War is big business and "money trumps peace, sometimes" NightWatcher Feb 2013 #2

We needed an away game otherone Feb 2013 #3

Israel To U.S.: Don't Delay Iraq Attack Purveyor Feb 2013 #4

Oil Dirty Socialist Feb 2013 #5

Oil. patrice Feb 2013 #8

O peration I raqi L iberation = O I L Electric Monk Feb 2013 #9

I agree with that. n/t RebelOne Feb 2013 #42

Joy-Riding with the Oval Office Demeter Feb 2013 #10

Right wingers just wanted to kill a bunch of innocent Muslims after 9/11. Hoyt Feb 2013 #11

I think it was to make money on the stock market. Cleita Feb 2013 #12

war contracts. money. money. money. robinlynne Feb 2013 #13

this. ^^^ nt. MH1 Feb 2013 #23

A confluence of Daddy Issues with PNAC. A perfect storm. randome Feb 2013 #14

In their noblest delusions, they were trying to advance civilization. ie, big picture, long term. Voice for Peace Feb 2013 #15

I think I agree most closely with robinlynne senseandsensibility Feb 2013 #19

Control and manipulation of supply for multinational oil and energy companies-- TwilightGardener Feb 2013 #31

Bush and Cheney were both oil men HoneychildMooseMoss Feb 2013 #56

It was because Sadam had a plot to kill *'s daddy. El Supremo Feb 2013 #16

#1). oil.. . . . . . #2) the Great Neo-Con wet dream annabanana Feb 2013 #17

Two groups wanted that war Warpy Feb 2013 #18

PNAC. jazzimov Feb 2013 #20

An excuse to loot the U.S. Treasury via the Military Industrial Complex; MH1 Feb 2013 #21

Exactly. So many defense contracting companies, so few wars to profit from at the time Blaukraut Feb 2013 #43

^ This ^ helped provide cover for bankrupting the government, long a Repub goal. magellan Feb 2013 #48

Because they wanted to do it anyway quaker bill Feb 2013 #22

Remember the MOral Clarity Crap ? JI7 Feb 2013 #24

The DOW was down to $8,000, war boosts the economy. Downwinder Feb 2013 #32

$$$$ WilliamPitt Feb 2013 #25

Yes, Regime change... but that desire was rooted in ... Motown_Johnny Feb 2013 #26

i do agree that's how they convinced BUsh of it JI7 Feb 2013 #34

Because of a personal grudge, same as Ross Perot had a personal grudge in 1992 graham4anything Feb 2013 #27

You got it! n/m El Supremo Feb 2013 #35

The same reason we went to Vietnam and Afghanistan. "Tough on Bogeymen" political PR. Tierra_y_Libertad Feb 2013 #28

MONEY MONEY MONEY riverbendviewgal Feb 2013 #30

I did hear that. Supposedly Saddam rainy Feb 2013 #33

1) Oil; 2) One more piece in the ring around Iran...which is still the NeoCons' #1 target. nt. OldDem2012 Feb 2013 #36

To show up Poppy and to win political capital Poiuyt Feb 2013 #37

"regime change" is a catchall lumberjack_jeff Feb 2013 #38

Well my first answer would be Big Oil rufus dog Feb 2013 #39

We went to war in Iraq, to give some focus to the lackluster Bush administration and meti57b Feb 2013 #40

Oil/mineral rights Ruby the Liberal Feb 2013 #41

OIL: regardless of what many think, it was oil first and foremost. RC Feb 2013 #44

Saddam was going to switch to the Euro. MrSlayer Feb 2013 #45

OIL -- Oil, Israel, Logistics (Ray McGovern) WorseBeforeBetter Feb 2013 #47

I heard a great analogy years ago... A HERETIC I AM Feb 2013 #49

The Greg Palast theory: Controlling the oil futures market: The price of oil. lindysalsagal Feb 2013 #50

You can say it, most people here know it was because of oil still_one Feb 2013 #51

Because murderers like to murder. Lint Head Feb 2013 #52

OK Here's one more reason shadowmayor Feb 2013 #53

They wanted regime change because Saddam Hussein was giving money applegrove Feb 2013 #54

They were already building up the military long before 911 - cheney and rumsfeld 2Design Feb 2013 #55

Three reasons I can think of. JDPriestly Feb 2013 #57

Cheney thought he could get his hands on their oil CanonRay Feb 2013 #58