Tuesday, May 16, 2006

Iraq's oil: A neo-con dream gone bust by Peter Kiernan

Crude-oil prices hit a record US$75 per barrel in late April, a level nearly three times the prices seen just prior to the US-led invasion of Iraq in March 2003. Although oil prices have slipped a few dollars since then, the bullish price environment is not something the Bush administration banked on when it launched the military campaign to oust Saddam Hussein from power three years ago.

1 comment:

dandinbucurest said...

The neocons had nothing to do with oil. Their skim-off was in the "transformation" technologies at the Pentagon. They seized on 9/11 to influence peddle and then run off with the loot. They know nothing about oil and never got near the issue except as to blue-smoke themselves into believing that it will pay back the cost of the war....We suffer, from Pres. GW down, fools too gladly without holding them to account when they run away from their dumb and irresponsible sins....Brom Bush down, the exercize of authority was an irresponsible criminal negligence....oil is besides the point, all they all want now is OUT!

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