No I just don't know, I've actually studied the price of oil, rates of return on investment, fixed asset growth in the industry for 30 years. Here's a tip-- check the Baker Hughes rig counts going back to 1973, and overlay it with prices and the industry rate of return to 2003. Makes for an interesting graph.
And you can always check the spot price of oil 2001-2003, and see how it dips in 2002 just before the time Bush starts banging the (44 gallon) drum. dms ----- Original Message ----- From: "Doug Henwood" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, March 29, 2004 10:03 AM Subject: Re: [PEN-L] Milan Rai on UN occupation of Iraq dmschanoes wrote: >his war was precipitated by capital's need to destroy parts of the >productive apparatus and maintain a high price for oil. I hear people say things like this and I wonder how they know. How do you know this? Documentary evidence, or do you just *know*? Doug
