I make my bones & then some, but thanks for caring!
You can read books!?! And here I thought you just listened to Sean Hannity tapes & shows....good for you!
Tell me you think that out of the 15 points on the planet where US military forces are involved, and the 28 other Countries who have WMD's that are
hostile to the US, oil industry tycoons Cheney/Bush DIDN'T pick Iraq for the oil!?! Please, I'm dying for a good laugh about Junior's compassion
for the suffering Iraqis he's so concernered about.
Please 69, read more, the debate will be more fun.... promise!
"Facing its most chronic shortage in oil stocks for 27 years, the US has this month turned to an unlikely source of help - Iraq.
Weeks before a prospective invasion of Iraq, the oil-rich state has doubled its exports of oil to America, helping US refineries cope with a
debilitating strike in Venezuela.
After the loss of 1.5 million barrels per day of Venezuelan production in December the oil price rocketed, and the scarcity of reserves threatened to
do permanent damage to the US oil refinery and transport infrastructure. To keep the pipelines flowing, President Bush stopped adding to the 700m
barrel strategic reserve.
But ultimately oil giants such as Chevron, Exxon, BP and Shell saved the day by doubling imports from Iraq from 0.5m barrels in November to over 1m
barrels per day to solve the problem. Essentially, US importers diverted 0.5m barrels of Iraqi oil per day heading for Europe and Asia to save the
American oil infrastructure.
The trade, though bizarre given current Pentagon plans to launch around 300 cruise missiles a day on Iraq, is legal under the terms of UN's oil for
But for opponents of war, it shows the unspoken aim of military action in Iraq, which has the world's second largest proven reserves - some 112
billion barrels, and at least another 100bn of unproven reserves, according to the US Department of Energy. Iraqi oil is comparatively simple to
extract - less than $1 per barrel, compared with $6 a barrel in Russia. Soon, US and British forces could be securing the source of that oil as a
priority in the war strategy. The Iraqi fields south of Basra produce prized 'sweet crudes' that are simpler to refine.
On Friday, Pentagon sources said US military planners 'have crafted strategies that will allow us to secure and protect those fields as rapidly as
possible in order to then preserve those prior to destruction'.
The US military says this is a security issue rather than a grab for oil, after a 'variety of intelligence sources' indicated that Saddam planned to
damage or destroy his oil fields - which would inflict up to $30bn damage on the US economy and cause irreparable environmental damage.
But the prospect of British and US commandos claiming key oil installations around Basra by force has pushed global oil diplomacy into overdrive.
International oil companies have been jockeying position to secure concessions before 'regime change'.
Last weekend a Russian delegation flew to Baghdad to patch up relations after Iraq's cancellation of its five-year-old contract to develop the huge
West Qurna oil field - worth up to $600bn at today's oil price. Lukoil was punished by Baghdad for negotiating with the US and Iraqi exiles on
keeping its concession in a post-Saddam Iraq.
The delegation of Ministers and oil executives returned to Moscow with three signed contracts. Oil is the state budget's lifeblood, and Russia
requires an oil price of at least $18. Russians fear a US grip on a large reserve of cheap oil could send prices tumbling.
But Saddam has offered lucrative contracts to companies from France, China, India and Indonesia as well as Russia.
It is only the oil majors based in Britain and America - now the leading military hawks - that don't have current access to Iraqi
Here's a great article on how US papers are shaping the debate
[Edited on 30-1-2003 by Bout Time]