by Carlhole » Sat 13 Oct 2007, 14:24:56
$this->bbcode_second_pass_quote('eastbay', 'T')his military occupation may have initially been an mis-guided and idiotic plan to gain control of Iraqi oil, but the cost has far exceeded any potential benefit to the USA and has, since the first day of the invasion, proved to be an increasingly depreciating investment in soldiers and material. In fact, regardless of what is said, it's sole purpose now is to maintain the pace of killing and destruction. Yet all the major US presidential candidates openly support indefinitely continuing the senseless killing and destruction.
Yes, PMS, it seems fewer and fewer are studing history anymore.
It’s the Oil$this->bbcode_second_pass_quote('Carlhole', '')$this->bbcode_second_pass_quote('Jim Holt - London Review Of Books', 'I')raq is ‘unwinnable’, a ‘quagmire’, a ‘fiasco’: so goes the received opinion. But there is good reason to think that, from the Bush-Cheney perspective, it is none of these things. Indeed, the US may be ‘stuck’ precisely where Bush et al want it to be, which is why there is no ‘exit strategy’.
Iraq has 115 billion barrels of known oil reserves. That is more than five times the total in the United States. And, because of its long isolation, it is the least explored of the world’s oil-rich nations. A mere two thousand wells have been drilled across the entire country; in Texas alone there are a million. It has been estimated, by the Council on Foreign Relations, that Iraq may have a further 220 billion barrels of undiscovered oil; another study puts the figure at 300 billion. If these estimates are anywhere close to the mark, US forces are now sitting on one quarter of the world’s oil resources.
The value of Iraqi oil, largely light crude with low production costs, would be of the order of $30 trillion at today’s prices. For purposes of comparison, the projected total cost of the US invasion/occupation is around $1 trillion... This is the perspective on the Iraq War that I subscribe to. However, I would go even further and hypothesize that the 911 attacks were an important part of this big picture. And I would also include the current peaking of non-OPEC oil and the prospect of a peaking of world oil in the 2010-2020 timeframe as part of this big picture.
Back in 2001, I was wondering about about this sort of thing when, searching around on the web, I found Mike Ruppert's "FromTheWilderness" which pretty much laid out the whole geopolitical scenario. Wow, what a powerful set of thoughts it was back then.
It's funny how these ideas seem to become less and less fringe-ish as time goes on.
It makes wonder about statements such as we are seeing right now from General Ricardo Sanchez, so awfully critical of the conduct of the war and the planning for the aftermath of it. One wonders what you would learn if you could be a fly on the wall in Dick Cheney's office - maybe everything is going swimmingly according to him?
It's so hard to know for sure what's going on and so absorbingly interesting to watch this history unfold.