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December 06, 2005

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Paul

Great post, good analysis.
Note however:
-Iraq's Oil Production plummeted since the US invasion
-Some geologists would not be surprised if Iraq has about the same, or even more, recoverable reserves than Saudi Arabia
-Repeatedly officials have declared it may take decades to stabilize Iraq.
So a possible conclusion may be that "the powers that be" are actually acting in the best interest of the US by "saving" Iraq's oil.

All the best from Holland
Paul

Loveandlight

This should prove interesting. Iran is preparing to sell its oil in euros. Didn't Iraq make a similar decision shortly before the invasion?

http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=260851

j

The future is "free for all" sounds delightful, (flip slide of "a free for all"?) - worth some turbulence.

There may be other explanations for why the PTB are acting as they are though. It could also be they are so brazen because they think they have about 5 minutes left before they have to bolt to undisclosed locations.

At this point nothing they do could possibly make it worse for themselves(it is already fatal and most likely excruciating) So in a panic, they grab for more money as it has always solved their problems in the past.

Oh well, their own machinations have removed money's power and they get to survive on their integrity!!!!!!!!!!

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