Politics
Pre-Iraq War Iraq oil production was 3.5 million barrels daily while currently on a good 'oil' day not a million barrels is produced. Add to the refusal of Russia and Saudi Arabia to export oil to the US and Venezuela limiting US sales indeed PEAK OIL and sky-high gasoline prices have arrived. Of course Bush and Chaney and their oil friends rakin' it in. Bush drilled only dry holes in his 'business' days until he hit the Saudi money hole. The Saudi 'family' the most corrupt rulers on earth next to what the US offers currently. You are judged by the friends you keep. Some claim the Saudis were originally of Jewish tribe extraction but took on the Arab gowns and religion to hold power over their population.
Candidly stated, 'Operation Iraqi Freedom' was a war designed to install a pro-U.S. puppet in Iraq, establish multiple U.S military bases before the onset of Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency.
Indeed, the author's original pre-war hypothesis was validated shortly after the war in a Financial Times article dated June 5th, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in US dollars, not euros.
Copyright or Used by Permission, ©2006 ChewinTheFat.com
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