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Politics : The Liberation of Iraq

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To: Carolyn who wrote (828)	4/11/2003 8:55:57 AM
From: Cage Rattler	of 908

... Iraq: Key to Syria's Economic Health The fact is that over the past few years Iraq has been one of Syria's largest export markets and vital to its flagging economy. The disruption of trade in terms of oil, agricultural and industrial goods -- brought on by the war alone -- could amount to annual losses to Syria of as high as $2 Billion. Standing by itself, the oil issue is potentially catastrophic for Syria’s economy. In those halcyon days before the invasion and the soon to come American payback, the illegal Iraqi oil flow was the Golden Goose of the Syrian economy. U.N. sanctions to the Devil, Syria gobbled up bootlegged Saddam oil at a discount of up to 50 percent of market value. This happy state of affairs permitted Syria to sell more of its own premium- priced crude at a windfall -- rather than consuming it at home. Not that Syria was alone in turning a blind eye to the U.N. sanctions. Jordan was happy to gulp 100,000 barrels a day, with U.S. ally Turkey taking its share at the rate of 50,000 barrels a day. All told during last year alone, Iraq smuggled some 450,000 barrels a day outside the U.N. oil-for-food program... newsmax.com

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