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Strategies & Market Trends : The Millennium Crash
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To: Dwight Taylor who wrote (1545)11/5/1997 8:31:00 AM
From: Tommaso  Read Replies (2) of 5676
 
I felt that one effect of leaving Saddam Hussein in power in Iraq was to convince various countries, including (then still) Soviet Union that we really did not wish to permanently invade any part of the world. I think the restraint showed by the US helped end (or seriously ease) the cold war.

Iraq's actual oil production is not neglible, but is not enough to move oil prices all that far one way or the other.

I say this as someone who would love to see oil prices at $30 or higher. A coup in Saudi Arabia could do that. But don't count on it happening. At some point a squeeze is coming, but meantime new drilling methods and even new oil fields keep the stuff flowing.
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