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

To: elmatador who wrote (30243)	3/27/2003 8:07:29 AM
From: KyrosL	Read Replies (1) \| Respond to of 74559

Iraq's oil reserves are a lot more than that. They are worth well over a trillion. However, the US will come out a huge economic loser out of all this anyway. Iraq's current oil production is barely enough to feed its people. The US will now have to feed them in addition to paying for the reconstruction. And reconstruction using expensive Western companies that paid their Washington dues is a lot more expensive than how the Iraqis did it after Gulf I. So in the end the American taxpayer is going to get stuck with a huge bill, comparable to that of the Vietnam war. And the aftermath will be similar to that of the Vietnam war (think late seventies and eighties). Kyros