Socialism cannot compete!

Goldman's $200 Oil Call and the Hurricane Premium Theory

To jwkjr...no. We are spending there, but we are seeing benefits as well, such as defense contractors remaining a source of steady jobs (the importance of which is not to be underestimated in these times) and the beneficiary of government spending...and the dependability of Iraqi oil has increased, leading to one less source of supply disruption. Not to be confused with the fallacious "blood for oil" slogan, btw - we saw how that, ironically, was not true, but rather the U.N. cadre was more than willing to neglect the plight of the Iraqi people in order to continue exploiting the "food for oil" program! No, we are doing good there, helping build stability for those people...and one more nation with a stable government is good for world economies everywhere!