From: tag@hermes.ecn.purdue.edu (Tony A. Gibbens)
Newsgroups: alt.politics.clinton,talk.politics.misc
Subject: Re: Deja Vu All Over Again (Was: Clinton becomes vulnerable)
Date: 14 Aug 92 17:24:59 GMT
Organization: Purdue University Engineering Computer Network

In article <7103@ncratl.AtlantaGA.NCR.COM> mwilson@ncratl.AtlantaGA.NCR.COM (Mark Wilson) writes:
>In <1992Aug11.153520.28152@noose.ecn.purdue.edu> tag@hermes.ecn.purdue.edu (Tony A. Gibbens) writes:
>
>>What is really sad about your oppinion is that you do not realize that 
>>very little of the oil that we depend on (now or then) came (comes)
>>from Kuwait.  The truth be known, we sent our (OUR) sons and daughters
>>into danger and for some death or disfigurement largely for the benefit of 
>>Germany and Japan.  Also, there is growing evidence that the Reagan/Bush
>>administrations aided Iraq's efforts up until the war. 
>
>>While there is nothing wrong with fighting over vital interests, there
>>is something wrong with being the dogs of war for some other country.
>
>>Just once I would like to see a well formed idea from Mr. Crisp
>
>>tag@ecn.purdue.edu
>
>What is really sad is the inability of some people to recognize even the
>most basic of economic facts.

Yes it is said.  It's even more sad that you didn't bother to look up the
pre-war production (refining, pumping, etc) capabilities of the oil
suppliers around the world.  If you will bother to do this, you will see that
even without Kuwait, there was enough oil.  The average price of a unit of
oil (barrel of oil) was predicted to rise no - more than a 1 us dollar per.
Please note, this is after a calmind down period with an Iraq embargo in 
place.   This point was even on a major network's news before the war.  In
addition, you will note that the oil situation was fine after the war and
before Kuwait began production (limited) again.  

IT LOOKS LIKE YOU HAVE THE INABILITY TO RECOGNIZE EVEN THE MOST BASIC OF
ECONOMIC FACTS.


>
>It is totally irrelevant whether or not the US purchased its oil directly
>from Kuwait.

Yes that's true.  Sufficent oil production existed (and managed to supply
the world after the war) to justify more time for the embargo.  

Just a suggestion, try knowing a little about the subject before you write
a reply.

>
>The fact is that if Germany and Japan were not able to buy oil from the
>Kuwaiti's, then they would have had to buy there oil from somebody else.
>Quite possibly the same people that we were currently buying from.
>

See above.  Or, there are a number of text and collection of statistics
I would suggest that you look at next time. 

>By decreasing the supply of oil, Saddam effected EVERYBODY who buys oil,
>including the US.

Gee, oil prices fell right after the war BEFORE Kuwait started production
again.  Why -- basically it was supply and confidence.  There really never
was a scare about production.  Just go and look up the capabilities of oil 
production for yourself.

>
>Mr. Crisp's point was and is quite valid.  I for one would like to see
>a well formed rebuttal from you.
>-- 
>--Mark

Sorry Mark, you sound like a freshly graduated undergrad, you are
WAY out of your league little boy.  before replying, try looking at the 
statistics of production, prices, supply, etc.	

tag@ecn.purdue.edu
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