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Politics : Foreign Affairs Discussion Group

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To: FaultLine who started this subject	5/9/2004 6:01:42 PM
From: teevee	Read Replies (2) of 281500

The US cannot abandon Iraq. The reason why is because oil is becoming less and less fungible. For example, other nations such as Japan, China, France and Germany are doing development deals on giant oil fields with Iran, but the nature of the agreements are such that the oil production from those fields will be dedicated to the specific countries behind each deal. As oil production from new fields under these sorts of deals replaces oil from old, depleting fields, less and less oil and fewer sources of oil will be available for the US market. Over time, as a larger and larger percentage of new oil is effectively alienated from the market, the US will be squeezed more and more. If unrest in Saudi Arabia continues to grow, the US may have to increase its presence and provide military stability there too. The sort of new oil deals being done by other sovereign nations is defacto economic warfare being waged against the US. America has no choice except to ensure it has access to the oil resources it needs to maintain its economy and military.

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