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Strategies & Market Trends : World Outlook
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To: Don Green who started this subject1/5/2003 2:06:56 PM
From: Julius Wong  Read Replies (1) of 48936
 
Oil Key in U.S. Strategy on Iraq

If the United States invades Iraq, there could be oil shortages and gas lines - or an oil glut and falling prices.

Much depends on whether American troops can secure Iraqi oil fields and whether other producers continue the flow of oil uninterrupted.

In the growing drumbeat over war with Iraq, the Bush administration rarely mentions oil, even though Iraq has one-tenth of the world's oil reserves. But a military campaign almost certainly will have a major impact on world markets.

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