posted on Mar, 25 2005 @ 07:26 AM
According to Ed Morse, executive adviser to Amerada Hess Co.'s trading arm, the switch to an OPEC-friendly policy for Iraq was driven by Dick Cheney
himself. "The person who is most influential in running American energy policy is the Vice President."
Quotas set by OPEC .... have been key to the 121% rise in oil prices since the beginning of 2002. This rise is estimated to have cost the U.S.
economy 1.2% of its GDP, or a fourth of its total growth during that period.
For months the State Department denied the existence of a 323 page plan for Iraq's oil titled 'Options for Developing a Long Term Sustainable Iraqi
Given how easily the interests of OPEC and IOC's (International Oil Companies) can be aligned, it is certainly understandable why ... (forcing OPEC
to lower prices) ... would not strike oilmen as a good idea. In 2004, with oil approaching $50 a barrel, the major U.S. oil companies posted record
or near record profits.
Dick Cheney, far from "putting the squeeze on OPEC", has taken a de facto seat there, allowing the cartel to maintain its suffocating grip on the
The preceding excerpts were taken from an article by Greg Palast in the April issue of Harper's Magazine.
This really chaps my cheeks! Regular people like you and me are the ones footing the bill for this fiasco, while big oil fat cats line their pockets
at our expense! I know it is a complicated situation, but why is the solution so unfair to the average American taxpayer? Not to mention all the
proud American and coalition soldiers who are DYING so these jerks can get richer!
See this link for more -
[edit on 25-3-2005 by Icarus Rising]