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Fueling the prospect of war
However, not everyone in the business community is excited about the feast that follows the butcher removal. The London Guardian reports that BP [British Petroleum] chief executive, Lord Browne, said last year that he was putting pressure on Mr. Bush and Tony Blair not to allow a carve up. And the Moscow Times writes that oil companies, including No. oil giants should Michael Kors Wallet Bag
we come to this report central dilemma, the Strategic Energy Policy explains. American people continue to demand plentiful and cheap energy without sacrifice or inconvenience. So, while oil reserves are running out, social disintegration erupts in Venezuela as well as other OPEC nations, and Congress busily undermines fuel efficiency legislation, the Bush administration seeks to feed this addiction of and cheap energy that the Baker Institute insists we have.
world is currently precariously close to utilizing all of its available oil production capacity, raising the chances of an oil supply crisis with more substantial consequences than seen in three decades.
This comes from the forward of a document entitled, Energy Policy: Challenges for the 21st Century, sponsored by the non partisan Baker Institute and the Council Michael Kors Iphone 6 Plus Folio Case
for contracts worth up to $1.5 billion? (I give you a hint: It starts with an H and already controls the East Asian oil pipeline that runs through Afghanistan.) The Journal continues by stating, oil reserves second only to Saudi Arabia Iraq would offer the oil industry enormous opportunity should a war topple Saddam Hussein.
They go on to state that these consequences are likely to include recession, social dislocation of the poor and a need for military intervention. But the impending war with Iraq is not about oil, right?
The Wall Street Journal reported that oil industry executives from ExxonMobil, ChevronTexaco, ConocoPhillips and even Dick Cheney baby Halliburton met with Cheney staff to discuss Michael Kors Vivian Bag the rehabilitation of the Iraqi oil industry once Saddam is disposed of. Guess who the favorite is Michael Kors Large Sloan
on Foreign Relations. These guys are terrified: United States remains a prisoner of its energy dilemma, suffering on a recurring basis from the negative consequences of sporadic energy shortages.
a successful military strike lead to Saddam Hussein ouster.
The prospects of an Iraq without the of Baghdad have resulted in bouts of unrestrained glee throughout the business press. To choose a telling example, Fortune magazine alerted its readers that the troops into battle abroad has often signaled a great buying opportunity. A war could cause the price of crude, now about $26 a barrel, to spike to $40 or higher, driving up the stocks of big oil companies such as ExxonMobil and ChevronTexaco.
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