Was Iraq Invaded to Boost Oil Prices? Value of Exxon Reserves Rose by $666 Billion - The Smirking Chimp: "Saddam Hussein may have been deposed in order to limit Iraq's oil production and thus keep world oil prices artificially high. This could be the real reason behind the invasion of Iraq by the Anglo-American forces and their allies.
According to Greg Palast's new book, 'Armed Madhouse'(Plume), 'When OPEC raises the price of crude, Big Oil makes out big time.' Palast makes the point Iraq's output in the 2003-05 period following the invasion saw a decline in oil production. In fact, it dropped to below the level of the 1995-2003 Oil-for-Food arrangement that allowed Iraq to sell two million barrels per day to raise cash for humanitarian purposes..."
No comments:
Post a Comment