Quite so. Given that the increasing price does nothing to dampen demand. The question you should be asking is what is keeping the price of oil so low.
This is a total pipe-dream you know that. 1) There is no WW3 without the US getting involved. This time round it would even mean the end of the US as a meaningfull power. 2) Nation-building never works: not only does it take far too much resources and human lives to get even near the goal, within 100 years someone will revise history and turn over the whole charade. 3) By the time your reformations would be finished oil will have lost it's significance as the major drug and the whole plan is moot. Your statement that a WW3 would be good makes me think you are a young kid or very ignorant about the suffering the last ww's caused. Maybe both, either way something wrong here. Get help. Ursa..
it's not as impossible as you assume ... it's more like it's not cost efficient ... we have done it before ... and you would be amazed if you ever figured how stupid the people of third world countries tend to be ... and what makes it really easy is that they believe that they are smart and what they think is correct, and that we are stupid ... the point here isn't to prove them wrong, actually we like them to think like that, as long as they assume themselves smarter than us, we can hit them in ways that never came to their mind ... they tend to believe in simple but meaningless words like morals, my country, my people ... they just make me crack ... anyhow we always get to use their stupid beliefs against them and their lives ... it's fun to motivate a third world person to die for his country ... (when his country had offered nothing for him or his family but had abused him) ... remember the iran, iraq war ... remember how we provided intelligence to both sides of the war and let them fuck eachother as we watched and they paid us for more weapons to screw eachother harder .... do you think that they won't repeat that?? ... will they have already started their shopping spree ... just look at how all those pathetic countries are paying costs for nothing ... look how much turkey has spend in hope that it will join the EU ... do you think they will? ... look at Russia and china ... nobody wants to see them in one piece ... and when you are talking about suffering, it is very important to ask who is going to suffer?? ... if you shoot a pig, will the pig suffer or will you suffer? ... so why care about suffering? ...
There is a finite number oil in the world as you have all pointed out. OPEC who produce most of the oil want to get as much as they can for their finite commodity because once it's gone, the cretan dictatorial evil warmongering terror-supporting bastards return to the holes they crawled out of, and their countries return to the dark ages.
A feeding frenzy? You've got a 40% increase in demand projected over the next twenty years and many "old faithful" wells - Mexico, Saudi Arabia, U.S. - starting to dry up. New oil will have to come from much more expensive exploration and production. http://www.fool.com/investing/international/2007/03/16/the-most-global-of-businesses.aspx
Turks http://www.iht.com/articles/2007/10/17/asia/turkey.php ISTANBUL: Parliament voted Wednesday to give the government the authority to send troops into northern Iraq, moving this NATO country one step closer to a military confrontation with Iraq over Kurdish rebels who hide there. Turkish lawmakers voted 507 to 19 in favor of the motion, which was supported by all but one of Turkey's political parties and seemed to broadly reflect the wishes of the Turkish public. It gives the government of Prime Minister Recep Tayyip Erdogan a year to begin an offensive against Kurdish separatists who carry out attacks in Turkey from hideouts in Iraq. They want to establish an autonomous Kurdish region in eastern Turkey. "After so many incidents, we're at a point that our patience has run out," Cemil Cicek, spokesman for the government and a member of the Special Council in Combat Against Terrorism, said in the parliamentary chamber. But even as Parliament voted, officials in several countries were working strenuously to avert military action, and Turkish officials said the motion's passage did not necessarily mean it would be applied. An offensive into Iraq would be extremely troubling for the United States, which is trying to balance its role in Iraq with its support for Turkey, a NATO ally that provides a major supply base for the Iraq war. Turks accuse Iraqi Kurds, who strongly support U.S. policy in the Iraq war, of turning a blind eye to Kurdish militancy. In Washington, President George W. Bush quickly addressed the issue. "We are making it very clear to Turkey that we don't think it is in their interests to send troops into Iraq," he said at a news conference. "There's a better way to deal with the issue than having the Turks send massive troops into the country." Turkish officials say that diplomatic efforts in the recent past have not succeeded. Turkey signed a security agreement with Iraq in September, but rebel attacks have since killed more than two dozen Turks, some of them civilians, and the government is under public pressure to act. The September agreement does not give Turkey the permission to strike at rebels across the border, and that frustrates the Turks. Cicek said that the authority voted Wednesday would not necessarily be used immediately, or even at all. "What suits a great nation is to exercise patience at the point where our patience has already run out, to find the right way and lock on the right target," Cicek said. Prime Minister Nuri Kamal al-Maliki of Iraq called Prime Minister Erdogan to ask for more time and to express Iraq's determination to take action against the rebels. Maliki said a delegation will arrive in Ankara on Thursday to seek a diplomatic solution. "Let's do whatever necessary together," Maliki said, according to the state-run Anatolian News Agency. Erdogan responded that he would meet the delegation but that Turkey had no tolerance for more loss of time, according to the Turkish agency. That tone stood in contrast to remarks by an Iraqi vice president, Tariq al-Hashimi, who spoke to reporters before leaving Turkey on Wednesday morning. "There is a new atmosphere to stop the current crisis," Hashimi told reporters in comments carried by the private network NTV. "The Iraqi government should be given a chance to prevent cross-border terror activities." Turkish officials responded sharply against Iraq and the United States. "The U.S. must realize the seriousness of this situation and Turkey's determination to root out terrorism," one member of Parliament, Nihat Ergun, said during the debate. "Iraq has become a stomping ground for terrorists." Turkey's military chief of staff, General Yasar Buyukanit, speaking to reporters in Rome, where he was on an official visit, said: "Hashimi says he got what he wanted, but I don't know what he got. Has he gone shopping? What has he done, or bought?" ....
It has nothing to do with supply and demand. It's greed and the unfettered ability of every Tom, Dick and Harry and a ton of IB and HF desks the world over to trade oil futures. If you don't believe this, wait until IB and all the other brokers open up in China and India and add say 300 million more daytraders to the rolls. Oil is a strategic commodity to the US and its miltary. Under the Carter Doctrine, which GWB is basically following without overtly saying so, the US will go to war over oil. I imagine it wont be too many years before we see uranium futures.