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chegitz guevara
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Ft. Lauderdale, FL Communist Party of Apolyton
Jun 2000 time: 00:31
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quote: Originally posted by Oerdin
That still leaves 80% of the world's oil supplies out there so you cannot really claim the US has cornered the market. |
This is true, but 20% is still a lot of market power. Considering the leverage that the US has with places like Kuwait, Saudi Arabia, Mexico, etc, it adds up quickly.
It's possible the U.S. took out Iraq in order to get Iraqi oil flowing again, since Hussein showed no signs of complying with the UN anytime soon. WIth Iraqi production back online, oil prices drop, and everything that depends on oil prices drops, and the world's economy perks up.
The point, ultimately, is that oil was an important factor. Unlike pc, I do not think it was the primary factor, however. Honestly, I think the primary reason for the invasion, though, was to distract attention from the corporate scandals in the US and Bush's personal role. Things were looking pretty rough for the Pres 14 months ago, and as soon as they said Iraq, all that was off the front pages, the Dem's rolled over and pissed on themselves, and the Repugs took both houses of Congress.
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Tiberius

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Europe
Jan 2000 time: 06:31
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According to the World Oil magazine and the Oil and Gas Journal, cited by the The Energy Information Administration (EIA), as of Jan. 1 2002, ~ 65% of the world's oil reserves were in the Middle East.
The figures:
World total crude oil reserves: 1018 - 1032 billion barrels
Saudi Arabia: 261 - 262 billion barrels
Iraq: 112 - 115
Kuwait: 96 - 99
Iran: 90 - 99
UAE: 62 - 97 (? quite a disparity here between the two estimates)
Other big oil rezerves are in Venezuela and Russia (~ 50 - 70 billion barrels)
Now, why would all the big powers be interested in the ME is not for all that oil? Call me an ignorant, or childish or whatever, but give me a better reason first. Why is the US soooo interested in the ME, especially in the oil rich countries?
The world 3 biggest oil reserves are controlled now by the US (directly or indirectly); they have quite a military presence in all 3 countries. Coincidence? I don't think so.
Btw, did anyone notice that Iran has the 4th biggest oil reserve in the world? Apparently they are developing WOMD, plus harboring terrorists, too 
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All times are GMT. The time now is 05:31. Apolyton Time is 00:31. |
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