3.12.02

ECONOMIC FORECAST? Best of the Web finds this interesting forecast from Ted Rall.



Best of the Web comments: "Now, there's probably a grain of truth to this, at least inasmuch as a successful liberation of Iraq would allow the lifting of U.N. sanctions and increase Iraqi oil production, bringing prices down. The weird thing is that Rall is supposed to be antiwar and here he is drawing a cartoon emphasizing--indeed, probably overstating--the potential benefits of war."

That is, if you view it as a benefit. Midwest Conservative Journal has found and responded to this Robert Redford statement asserting "The Highest Patriotism Lies in Weaning U.S. From Fossil Fuels ."

Perhaps, but wouldn't cheaper oil, refined in Western refineries, induce a great deal of inter-fuel substitution in developing countries, and reduce or eliminate the Asian Brown Cloud?

No comments: