Green Light for Iraqi Oil! Our men and women are dying for this.

[flamingpie2500]

(snip)
The proceeds will be channelled into a trust fund over which the US and the UK have control - although the UN Security Council resolution dropping sanctions at least gives UN representatives an advisory role.

The US, staggering under swelling budget deficits to pay for tax cuts at home, has said it wants much of the cost of Iraq's reconstruction to be paid for by its oil revenues.


(snip)
And it is still unclear when - if at all - the US will let Iraq get involved with Opec at all.

The more suspicious members of the cartel think Iraq could be the key Washington DC uses to snap Opec's hold on world oil.

"It seems the United States is going to raise Iraqi production from 2.5 to 6.5 million bpd so that Saudi Arabia no longer leads world oil policy," said Iranian Oil Minister Bijan Namdar Zanganeh, who fears "a modification in the power links between countries and thus in regional balance".

http://www.headliner.nl/headliner.php?c=uk&id=132979&abbr=bbcnews

[BlueEyedSon]

1. REAL mission accomplished!

"... so that Saudi Arabia no longer leads world oil policy."

Cheney's secret energy policy meetings, anyone?

[flamingpie2500]

2. Another enemy to add the the list!

Bushie has done MORE for terrorism than he has helped. Oil wars--with our lives hanging in the balance.

[ClintonTyree]

3. Wasn't it found.............

out after the occupation of Iraq that their oil reserves were greatly exaggerated? There isn't as much oil in the country as previously thought. Theyincrease production, but for long can they sustain it? The Saudi's will wait them out until they've drained all of the reserves and once again be in the catbird's seat.

[flamingpie2500]

5. I didn't hear that one--my understanding is

the Northern part of Iraq is extremely rich in oil and that is why the Kurds want their land back. I'm sure there is a lot more there then in the Alaskan Wildlife Preserve!

[DoYouEverWonder]

4. Too bad they can't get most of this oil to market

You can have all the oil in the world, but it doesn't do you much good if you can't get it to it's desitination.