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

To: Dennis O'Bell who wrote (137110)	6/20/2004 10:08:40 AM
From: quehubo	Read Replies (2) \| Respond to of 281500

The oily problem with leaving the sanctions in place was that Iraq was not able to sustain its oil production without injection billions to stay flat over the next 1-2 years. Saddam was not investing the money required. But the world needs Iraqi oil production to double over the next 5 and then double again in 10 years. The French wont even defend their country from an invasion. So I dont know what they will do if US gasoline costs $10 a gallon after oil prices go up 500%. There are tens of millions of Asians who are getting their first taste of prosperity. If SA collapses the world economy will follow. The world will be forced to do something to restore Saudi oil exports.