Posts tagged “no war for oil”
Should the cost of maintaining a military presence in the Middle East be viewed as a subsidy to oil companies? This idea has been repeated often enough to become unchallenged conventional wisdom codified by the “NO WAR FOR OIL” bumper sticker.
It has been argued that the Gulf and Iraq wars were not necessary to keep the global price of oil stable and neither is our continued military presence in the Middle East. There is no way to rerun the experiment to see what the world would look like had we not had the Gulf and Iraq wars. My guess is that the Gulf war was probably a smart move, the Iraq war, maybe not so smart.