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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (29872)3/22/2003 1:06:33 AM
From: energyplay  Read Replies (1) of 74559
 
Hi Jay -
"I am also reckoning:

(a) A short and relatively destruction-free Iraqi campaign is maxi-bad news, because one cannot reconstruct what was not destroyed;"

Iraqi economy already destroyed by sanctions and theft by Saddam & crew. Saddam etc. took about 200 Billion. Iraqis may recover 10% of this, like Phillpines did from Marcos.

Iraqi oil production will come back quickly, then start to expand.

I expect Iraqis would like to buy lots of consumers goods from Asia, food from all over the world, road building and farming equipment instead of weapons.
Sanctions have a cost to Iraqi of over 40 Billion a year. That's a lot of spending.
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