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Originally posted by Mirthful Me
If anyone thinks that 9/11 or the Iraq war was to facilitate access to oil reserves is sadly mistaken.
Although its original concession of March 14, 1925, cove- red all of Iraq, the Iraq Petroleum Co., under the owner- ship of BP (23.75%), Shell (23.75%), CFP [of France] (23.75%), Exxon (11.85%), Mobil (11.85%), and [Calouste] Gulbenkian (5.0%), limited its production to fields constituting only one-half of 1 percent of the country's total area. During the Great Depression, the world was awash with oil and greater output from Iraq would simply have driven the price down to even lower levels.
Originally posted by ipsedixit
reply to post by Mirthful Me
An example of current thinking:
The real reason that the government won't legalize drugs is that legalization would reduce drug prices and profits would have to be more widely distributed within the legalized drug industry, instead of retained at high insider levels where all the dirty deals are done.
[edit on 24-10-2007 by ipsedixit]