…oil was the objective. Maybe.
Crude oil reached a record high on Tuesday, and there’s an embarrassing oversupply of theories to explain why.
Some people have argued that the occupation of Iraq could evolve into a West Germany type situation. CBO has assessed the costs of this eventuality.
Some economists have been interpreting economic developments as shedding light on the success of the military surge in Iraq. I think one needs to use a bit of caution in drawing conclusions from such evidence.
I thought it would behoove us to actually inspect the data and look at the trends (as opposed to listening to Administration officials) associated with operations in the Iraqi theater.
Given the statements that the U.S. might be “surging the surge”, expect an incremental $40 billion to be expended over the next two years.
Expenditures continue to rise. More appropriations will likely be needed at this pace.
I thought that it was proper and fitting to evaluate the state of affairs in Iraq four years after President Bush declared the end of major military combat operations in Iraq.