Feb 17, 2003
As soon as Bush finished his State of the Union address threatening war with Iraq, gas prices began to soar. In Chicago, the price rose by 16¢ a gallon to about $1.80. The same thing happened in Los Angeles.
The war has not yet broken out, and Iraqi oil continues to flow into this country. In fact, more has been coming in to make up for the events in Venezuela. But that doesn't stop the "markets," which are fine tuned to anything that lets them gouge out some extra profit.
In the event of the war, the price will skyrocket still more. But it will be only a very tiny part of the price we will pay for this war – a price measured in monetary and human terms.