I do not understand all the hysteria about oil company profits. On a % basis they are right in the hunt with most mainstream businesses. Do you think that they should make 6% instead of 12%? Since I own oil stocks I would be very happy to have $100 oil.
“With Iraq they at least pretended to have the UN sanctions for the attack. They made a case in the UN and the press. Iran has none of the set up.”
Nor does it need it. Have you seen the polling on striking Iran?
“Iran will be the next administrations problem. W can just wait it out and let Hillary deal with it.”
Don’t quit your day job to start reading crystal balls. The Hill-Bill-ies have seen the last of the White House. Her negatives are insurmountable.
“He can with a straight face say that the experts said 5 more years for Iran to have the bomb. We were sure Saddam had WMD’s.”
The experts are saying 2-3 years right now - that is without adding more centrifuges, which Ahmadmanijad is actively doing. Further, Iran is actively interfering in Iraq, and we have proof. Trust me, no one except the usual anti-Americans around the globe are going to actually have an issue with us smacking Iran down. Most sane folk can now clearly see it needs to be done.
“I do not understand all the hysteria about oil company profits. On a % basis they are right in the hunt with most mainstream businesses. Do you think that they should make 6% instead of 12%? Since I own oil stocks I would be very happy to have $100 oil.”
You get a clean miss on my point. Do the US oil companies do anything differently to drill or process $100/barrel oil than they do $60/barrel oil? No. Market uncertainty and problems (like bombs falling on Iran) drive the price up. The extra $40 is pure profit, baby.
I’m just surprised that the Administration’s critics aren’t crying about him manipulating oil prices to help his buddies.