The Real Reason for the Invasion and Occupation
Forget dead troops. Forget a trillion dollars missing from the treasury. The war is about making money, and when you factor in the upward direction of oil prices due to speculation and neoliberalism, this data makes a lot of sense. If you're an oil exec taking advantage of the new Iraqi "constitution" which gives away oil revenues to Western interests, that is:
Iraq is sitting on potential reserves of 100 billion barrels, nearly twice as much as currently estimated, according to a study by energy analysts IHS.
If these reserves were exploited, it said, Iraq could overtake Saudi Arabia as the world's top oil producer.
But a major improvement in security and investment was needed, it added.
The IHS survey, which examined Iraq's oil reserves both before and after the overthrow of Saddam Hussein, is the most comprehensive conducted since the 2003 invasion.
It found that Iraq had known reserves of 116 billion barrels and could be sitting on a further 100 billion barrels.
Current output of two million barrels a day is lower than in early 2003, when three million barrels were being pumped, and almost half that being produced in 1979.
However, it said Iraq had the capacity to increase production to four million barrels by 2012 and to further increase that to six million within time.
"Iraq's reserves are clearly phenomenal," said Ron Mobed, president and chief operating officer of IHS, adding that they represented a "gold star opportunity".
Don't tell me someone didn't have these numbers in 2002. Someone who'd write the memo "sweep it all up," re: 9/11. Yeah, yeah, WMDs and freedom fries and blah blah...this is the Oil Administration, and they're not that smart. But they do have people who can add. Best of all, they suckered you, America, into paying for the invasion and occupation of their newest oil fields. I'm sure the families of the thousands of dead American solidiers would agree: the sacrifice was worth it. After all, we want grandbaby Cheney and its friends to have that sixth house in Gstaad.