What did the “war” in Iraq ever have to do with “cheap oil?”
By Daniel at 3 January, 2010, 1:51 am
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As related to oil, if anything, the unilateral attack on Iraq by the US was an attempt to KEEP IRAQs OIL SUPPLIES FROM GETTING ON THE MARKET in an effort to RAISE THE PRICE OF OIL. At the time the US attacked Iraq in March 2003 without any provocation or valid reason whatsoever, the price of oil per barrel was $25 and it is now almost $80 per barrel after having gone as high as $147 in July 2008. Iraq, on its own, would have ensured a major supply of excess oil in the marketplace possibly pushing the price back down from $25 per barrel to $10 per barrel where it was in 1999.
The restrictions on Iraq selling its oil into the marketplace were about to end and Iraq was openly discussing accepting Euros as well as dollars for their oil and starting to discuss large contracts to sell their oil into the market. That caused hysteria among the oil cartel and its banksters here in the US and Europe and Operation Iraqi Liberation (OIL) was quickly put into action.
The other factor driving the US attack on Iraq was the fact that Saudi Arabia had kicked the US bases out of Saudi Arabia and the US had no place to park its vast military presence in a central location in the Middle East. Now the US has built the largest military bases for itself in the world in Iraq along with the largest and most extravagant Embassy in the Green Zone in Baghdad Iraq. The US had no intent whatsoever to leave Iraq and has gone so far as to say it anticipates a “50 year presence” in Iraq.
- AmericanPatriot
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