Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (29689)	3/15/2003 1:18:19 AM
From: Maurice Winn	Respond to of 74559

<The "get our paws on" wuz just to let you know that I know that this IS about oil.... This thing about "weapons of mass destruction" is exposed for what it is by our nonresponse to N Korea...It's about oil....> Pezz, the USA can get its hands on Iraqi oil any time they like. All they have to do is place an order with Saddam who will deliver all they like. I thought most people knew, but the USA put sanctions on Iraq over a decade ago, to stop them exporting oil. In recent years, there has been an "Oil for food and medicines" export regime. Saddam has been wanting to be allowed to supply oil all along. There's no need to steal it to get it if the USA is happy to pay the going rate. The USA doesn't want Iraqi oil on the market. That keeps oil prices up high enough to maintain extremely profitable USA and other high-cost producer profits. Saudi Arabia agrees not to produce too much - with Iraq's oil off the market, it helps keep prices up, keeping Saudi Arabia happy too. North Korea is part of the China versus USA strategic competition. That'll be dealt with later. No big hurry. Mqurice