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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (1630)	1/3/2003 7:34:57 PM
From: Brumar89	Read Replies (1) \| Respond to of 15987

Depends on how the war (if there is one) goes. It could go very badly if Saddam is able to do serious damage to Iraq's or its neighbors oil facilities. Think of how he had Kuwait's oil wells set on fire out of spite as his troops were leaving the country. The result would be a rise in oil prices which would take a while to work down. OTOH, if he goes without doing damaging the regions oil facilities then Iraq will be putting more oil on the market putting pressure on prices. If Iraqi production increases, the price will fall unless Saudi Arabia is willing to cut back its own production to support the price.