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

To: arun gera who wrote (87856)	3/30/2003 12:29:29 AM
From: paul_philp	Read Replies (1) \| Respond to of 281500

With its 60-year-old monopoly lease of Saudi oil fields coming to an end in 2005, I knew it, the energy crisis in '73, '74 was a conspiracy. Dammit, I should have know. Chomsky arranged it all to sell more books. Bastards. Paul@ParanoiaRunsDeepIntoOurLifeItWillCreep.com

To: arun gera who wrote (87856)	3/30/2003 8:16:27 AM
From: quehubo	Read Replies (2) \| Respond to of 281500

<<With its 60-year-old monopoly lease of Saudi oil fields coming to an end in 2005, the US may well be confronted with a problem there.> Is this true?>> My sense is that energy security will be an increasingly dominant factor in our foreign policy in the ME. Posters here who do not appreciate the energy supply challenges the world faces over the next 5-20 years will be discussing ME foreign policy without an inadequate understanding of our interests. Your question indicates a lack of knowledge of history and of the present functioning of the energy markets. One of the dominant objectives of this war is to ensure that Iraq's oil production capabilities are free to be developed over the next 5-20 years and that this wealth is used to stabilize the Iraqi nation. Witness the point that Gen Franks commented this morning that he started the invasion when he saw an opportunity to sieze the oil fields in the south. Iraqi oil will be crucial for the world energy markets starting in a few years. We can manage without their supply now, but in a few years the world will be dependent on mostly Iraq and SA to supply the increased demand of the world. With Saddam in power this increase in supply would never have occurred. The Iraqi oil wealth will not be enough to provide and plunder for anyone. It will require as much as $50 billion dollars it is estimated to double production over 10 years. Using Kuwait and SA as examples of nations we protect, the Iraqi's will negotiate tough deals with foreign investors and their will be no rewards for the coalition of the willing. The US does not want to own the oil of SA and Iraq, but we have no choice but to ensure that these countries are in a position to increase supply and to be able to produce and export it in a reliable manner. Your energy education can be started here with The Prize. Also the governments Energy Information Agency has a wealth of information. btobsearch.barnesandnoble.com