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09 June 2008

Comments

Larry Press

What impact do you think the war in Iraq has had on the supply and demand for oil and the decline of the dollar?

Russ

Some thoughts on the dollar rising and falling here at the Fundmastery blog. We have been worse off in the 70 and 80s. The real question is what is next.

Michael McDaniel

[Larry Press]My opinions on the correlation between Iraq and the supply and demand for oil and the decline of the dollar may be to offensive to print. However, the 20,000 ft overview certainly links the cost of the IRAQ war to the US dollar printing presses running 24hrs/day. I think a detailed report could be written on the supply/demand effects that the war has/will continue to have. I have not researched supply information to know the changes in supply. I can again only assume that our troops being in the "theatre" demand more fuel than when they are at home. Further, I can only assume the uncertainty inherent during war times has affected the market price of a barrel of oil. I welcome your thoughts.

Larry Press

> My opinions on the correlation between Iraq and the supply and demand for oil and the decline of the dollar may be to offensive to print.

In what way?


The Three Trillion Dollar War: The True Cost of the Iraq Conflict by Joseph E. Stiglitz (Author), Linda J. Bilmes
addresses the cost of the war, including the its marginal impact on the price of oil.

The book may (or may not) overstate the total long run cost, but there is no doubt it is contributing to those print runs you mention.

Michael McDaniel

Amen Larry. My 2nd draft would certainly have an IRAQ bullet point. Thanks for the dialog.

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