The Mudcat Café TM
Thread #56815 Message #891621
Posted By: KarlMarx
16-Feb-03 - 01:44 PM
Thread Name: BS: Listening to Dr. Blix report...
Subject: RE: BS: Listening to Dr. Blix report...
"I don't think oil is the Bush reason." American oil companies, during the 90s, continually lobbied to have the sanctions on Iraq lifted. But, of course, those same American companies will have an enormous windfall once they get their grubby little hands on the oil resources, particularly the still-to-be fully exploited fields near Kirkuk, in the Kurdish region of Iraq. As reported in The Guardian, Iraq - post-Saddam Hussein, of course - could be producing 8 million barrels a day. Do the math: on the outset, at $30 a barrel, that's $87.6 billion a year. Eventually, with the huge glut of oil on the world market, the price per barrel will drop precipitously, thus pulling the rug out from underneath OPEC, and consequently hurting nations such as Russia, Venezuela, Mexico, Chad and others, who depend upon oil revenues to build their infrastructures. Then we will have the recipe for a real world war . . .