Reply #2: Today's Market WrapUp [View All]

[ozymandius]

Crude Revelations
BY ROB KIRBY

We hear much in the media regarding the cost of the war in Iraq in terms of lives lost – the human costs – and hardly a week goes by without some media account – or debate - of the war’s cost in dollar terms.

“Even if the U.S. exits Iraq within another three years, total direct and indirect costs to U.S. taxpayers will likely be more than $400 billion, and one estimate puts the total economic impact at up to $2 trillion.”

While it’s not my intention in this space to diminish the importance of these headline grabbing issues – I would like to draw the readers’ attention to a few additional crude facts.

-cut-

Interesting, isn’t it, that when one speaks of Iraq, crude oil and future potential, you intuitively know that a discussion relating to BANKING, FIAT MONEY and FUTURES cannot be far behind.

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