US appears to have fought war for oil and lost it
"One of the best things for our supply security would be liberate Iraq"; words echoed by William Kristol, the Republican party ideologist, in testimony to the House Subcommittee on the Middle East on May 22 2002 that as far as oil was concerned, "Iraq is more important than Saudi Arabia".
So when, according to the former head of ExxonMobil's Gulf operations, "Iraqi exiles approached us saying, you can have our oil if we can get back in there", the Bush administration decided to use its overwhelming military might to create a pliant - and dependable - oil protectorate in the Middle East and achieve that essential "opening" of the Gulf oilfields.
But in the words of another US oil company executive, "it all turned out a lot more complicated than anyone had expected". Instead of the anticipated post-invasion rapid expansion of Iraqi production (an expectation of an additional 2m b/d entering the world market by now), the continuing violence of the insurgency has prevented Iraqi exports from even recovering to pre-invasion levels.
In short, the US appears to have fought a war for oil in the Middle East, and lost it. The consequences of that defeat are now plain for all to see.
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finally this is coming out in the mainstream news.
William Kristol is one of the PNAC Neo-Cons. He along with Wolfowitz (designated World Bank chef), and other PNAC neo-cons were the architects of this illegal invasion.
Fire those damn liars!
So when, according to the former head of ExxonMobil's Gulf operations, "Iraqi exiles approached us saying, you can have our oil if we can get back in there", the Bush administration decided to use its overwhelming military might to create a pliant - and dependable - oil protectorate in the Middle East and achieve that essential "opening" of the Gulf oilfields.
But in the words of another US oil company executive, "it all turned out a lot more complicated than anyone had expected". Instead of the anticipated post-invasion rapid expansion of Iraqi production (an expectation of an additional 2m b/d entering the world market by now), the continuing violence of the insurgency has prevented Iraqi exports from even recovering to pre-invasion levels.
In short, the US appears to have fought a war for oil in the Middle East, and lost it. The consequences of that defeat are now plain for all to see.
-----------------------------------------------------------------------
finally this is coming out in the mainstream news.
William Kristol is one of the PNAC Neo-Cons. He along with Wolfowitz (designated World Bank chef), and other PNAC neo-cons were the architects of this illegal invasion.
Fire those damn liars!
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