Signal Oil and Gas Company - Want Cheaper Gas and Oil? End the Damned Wars!
Signal Oil and Gas Company - One analyst, economist Ismael Hussein-Zadeh, a professor of economics at Drake University in Des Moines, Iowa, has a different explanation for the price rise, and American motorists and homeowners should pay close attention.

Oil prices have gone from the mid $20 range in the fall of 2002 to $127 yesterday - a rise of $100/barrel in just over five years, he says. And the bulk of that increase can be attributed to the US wars in Iraq and Afghanistan, and to the threats of war against Iran.

Hussein-Zadeh’s analysis looks at a number of ways that the Bush/Cheney wars have contributed to rising oil prices. Chief among these are two factors: the threat to supplies, particularly from the Persian Gulf region from which 20 percent of the world’s oil supplies come, and a falling dollar, because oil is priced in dollars, and as it loses value, oil producing countries raise their prices to compensate. Signal Oil and Gas Company

In an article titled Worried About the Price of Gas? End US Wars, Hussein-Zadeh writes, Soon after the invasions of Afghanistan and Iraq the price of oil began to escalate in tandem with the escalation of war and political turbulence in the Middle East. Furthermore, he says, Anytime there is a renewed US military threat against Iran, fuel prices move up several notches. If the US were to actually make good on Bush’s and Cheney’s threats to attack Iran, in Hussein-Zadeh’s view the sky would be the limit to oil prices, with $200/barrel being a starting point. Signal Oil and Gas Co