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

To: quehubo who wrote (87907)	3/30/2003 10:09:25 AM
From: Condor	Read Replies (1) \| Respond to of 281500

Hello quehubo, I understand that you are very knowledgeable if not an expert on the world oil situation. Given the envisaged huge increased needs for oil that China will undergo, what in your estimation will that represent in total world demand over lets say the next fifteen years. (for eg: will Chinas demand quadruple but it will only represent a 5 % increse to world consumption?) Thx C

To: quehubo who wrote (87907)	3/30/2003 11:07:27 AM
From: arun gera	Respond to of 281500

>Your question indicates a lack of knowledge of history and of the present functioning of the energy markets. > So you know Oil and I don't. And you are saying that it is about Oil. Hmmm... >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.> How about expanding the Oil for Food program to Oil for Food and Oil-Well rehabilitation program? >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> -Arun