Jeb Bush Likes $3 Gasoline

Jeb Bush, Florida former governor and likely Presidential candidate, stated he would have favored an invasion and occupation of Iraq, even knowing that WMD were nonexistent. He did not say what was so important to invade and occupy Iraq at the cost of hundreds of billions of dollars and thousand of deaths and tens of thousands of injuries.

The Bush family has been a loyal long-term member of the oil patch. Oil companies in 2002 had been frustrated with the price of oil, which hovered around $20/barrel for oil or $1/gallon for gasoline for many years. After the March 2003 invasion and occupation, the price of oil zoomed to around $100 per barrel for oil, or $3 per gallon for gasoline.

The only possible way for this dramatic turnaround was for a worldwide cartel of oil producing states (OPEC, including Iraq, and allies, including Russia) to take over and enforce its sales quotas. A cartel works only if all the members not exceed their sales quotas. There can be no “cheaters” who sell more oil than their quotas at a reduced price. For instance if a “cheater” can sell 6% more oil by reducing the price by 4%, it can profit by the added 2%.

The only power on earth that could enforce such a cartel quota system is the U.S. government. It appears the U.S. government is legally able to do so by occupying Iraq. We could find the cartel files in the occupation office in Iraq and possibly Washington D.C. These files should be opened for all to see.

President Obama could order the takedown of the cartel without ending the occupation of Iraq. He should do so ASAP. Oil prices will fall back to $20 per barrel, or $1 per gallon for gasoline. Hundreds of billions of dollars for savings for motorists, airlines, and government purchases of fuel.

Jeb Bush and the rest of the Bush family should be questioned on their support for the worldwide oil cartel. That was the key prize for the invasion and occupation of Iraq.

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