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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Win Smith who wrote (65609)	1/12/2003 2:41:38 PM
From: John Carragher	Respond to of 281500

Win do not know where you are going.. how long do we occupy... 18 months... ? not decades. The problem with angola and perhaps Nygeria? are the people in control... You have to deal with them to get oil.. If they steal the money from the people you say is it an oil company problem?? Why hasn't other countries gone into Angola with pre emtive strike against them... Is that what you are asking to clean up the problem? rich oil countries go broke is stupid statement... They would go broke if it was gold,, other minerals.. It is called bad guys at the top.... like iraq. back to football see ya.

To: Win Smith who wrote (65609)	1/12/2003 2:43:22 PM
From: carranza2	Read Replies (2) \| Respond to of 281500

Forget taxing the stuff--take as much as will feed the Iraqi population, then keep the rest until the war debt is paid. Shouldn't take too long. And think about the effects on OPEC of having the country with the second highest reserves producing at max capacity. Our economy will boom on cheap oil. The Saudis can't afford to stop production since they have a tremendous debt to finance. Stopping production wouldn't cause a huge increase in the price of oil anyway. I really like the idea.

To: Win Smith who wrote (65609)	1/13/2003 2:05:45 AM
From: frankw1900	Respond to of 281500

In poor countries blessed with oil, revenue from oil has a way of making most people poorer True The pattern is so pervasive and has been going on for so long that it has a catchy slogan: the paradox of plenty. Among other things. No place has been more paradoxical for more years than Angola. It is potentially the richest country in Africa, with huge reserves of offshore oil and a population of just 12 million. Oil money, though, has bought decades of war, while giving Angolans a terrible standard of living. The war obscures an economic truth: poor countries with large exploitable mineral reserves, will experience an increase in unemployment and moribund local industries and probably a lower standard of living than otherwise. Holland, a relatively well governed country, experienced this when it found gas some years ago. The new revenue made local products more expensive than imported and local businesses, particularly manufacturers went out of business. In a country undergoing civil war the effect might well be reinforced. Years ago, Alami, the former Saudi oil minister, was heard lamenting the misfortune that Saudi Arabia had oil instead of water. It certainly is bad luck for Saudis, no question.