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Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?


To: Steeny who wrote (21597)3/16/2003 4:17:28 AM
From: PartyTime  Read Replies (1) | Respond to of 25898
 
Well, I suppose the power of oil domination is the power to put oil into the market and keep oil off of the market--thus a control over price.

With the US cozy with Saudi oil, maybe the Saudis thought they could do better business with Iraq out of the picture. Perhaps a quid pro quo arrrangement.

But it is a fact that Iraq has not been a full volume exporter for the eight years of the Iran/Iraq war, the Kuwait invasion and 12 years of sanctions that followed. That's over 20 years!

Additionally, investments have been made in other areas such as the Caspian Sea, the North Sea and other places. Iraq's oil coming soon to market could negatively impact some of those investments.

Whether true or not, I know not. But there is logic to keeping a product out of the market depending on whose doing the gaining by what's already in the market.