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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (27712)1/24/2003 4:58:17 PM
From: Maurice Winn  Read Replies (4) of 74559
 
<Igor Ivanov, Russian foreign minister, said: "There is no serious reason for the start of a military attack on Iraq. We hope that no country will take single action outside UN decisions.">

Did Russia [aka USSR] seek UN permission before invading Afghanistan? No.

There is a very good reason for a military attack on Iraq. We don't like Saddam and the way he runs the country. We don't like that he thought the destruction of the WTC was a good thing. We didn't like Abu Nidal having a shop there [until he became inconvenient for some reason]. We don't like his paying suicide bombers to blow up people in Israel. We don't like his malevolent nature.

Also, we can use the oil to fund civilization instead of mayhem, murder, megalomania, palaces and fear.

$2 trillion of oil [or maybe it's $3 trillion] produced over 20 years from Iraq would be $100,000,000,000 = $100 billion a year. Less costs of production and with price drops to $15 per barrel = about $50 billion per year.

That loot would fund a fairly serious development programme in Iraq and a reconstituted UN, where France doesn't get to have a disproportionate influence merely because they were significant in the 19th century and were 'good guys' after WWII was won.

Mqurice
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