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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (35195)	4/28/2009 12:11:28 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "It hardly surprises me that there is a lot of corruption in Iraq. OTOH there was a lot of corruption under Saddam as well." Yep. No real surprise there. (Unfortunately it's fairly pervasive across all three major regions....) Re: "Very recently corruption may be one of the biggest checks on the expansion of oil capacity". Yep. No doubt that is a big hindrance. Also the lack of a legal framework governing the taxation (and legitimacy of contracts) in the natural resources area. Still, (as the article argues), the EVEN LARGER ISSUE (from the point-of-view of oil supplies) may well be the long-term lying (over-stating) about the amount of economic reserves that remain. Indeed, fast-arriving depletion in major fields may well have been behind the Dictator's strike to Kuwait back when....