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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (154524)	11/6/2002 1:25:10 PM
From: i-node	Read Replies (1) of 1578705

Oil companies hope to gain production rights over these rich fields of Iraqi oil, worth hundreds of billions of dollars. These "production rights" are not going to be a gift. The oil companies are going to have to pay for them. And when they do, the Iraq people are going to benefit, rather than Saddam Hussein, who is the principal beneficiary under YOUR scenario. In the view of an industry source it is “a boom waiting to happen.”(1) As rising world demand depletes reserves in most world regions over the next 10-15 years, Iraq’s oil will gain increasing importance in global energy supplies. According to the industry expert: “There is not an oil company in the world that doesn’t have its eye on Iraq.” It is not a forgone conclusion that "rising world demand" will deplete reserves over the next 10-15 years. Honda motor company will introduce in '03 the first automobile powered by Hydrogen. Ten years from now we could very well see a worldwide oil glut driving prices to record lows. Once again, is it your position that Bush wants to start a war with Iraq so that American oil companies, in which he holds zero financial interest, can benefit?

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