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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (67628)	2/5/2003 2:40:29 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 70976

Well I agree with this completely and I think I said as much in my first post on the matter. The heart of the matter is (as you point out): Iraq is believed to have contracts worth about $38 billion pending with such companies as Italy's ENI (E ), Royal Dutch/Shell (RD ), Australia's BHP (BHP ), TotalFinaElf, and Russian giant Lukoil. Sanctions have precluded American companies from doing business in Iraq End of the matter! Europe is making money in Iraq. US is not making money but wants to. The problem for America is that over the past decade they have vilainized Saddam so much that it is a big embarassment to sign a contract with him. So the only solution left to the US is to get rid of Saddam so as to save face and then go after all the oil contracts. Europe on the other hand is happy with the status quo and sees no reason to rock the boat. Everything else is just disgusting excuses to redirect attention from this. Thanks for making my point for me. ST