Power Cut Shuts Down Iraq Oil Exports
ASRA, Iraq (AP) -- Iraq's oil exports were shut down Monday by a power cut that darkened parts of central and southern Iraq, including the country's only functioning oil export terminals, Iraqi and foreign oil officials said.
posted by celerystick
on Aug 22, 2005 -
Whereas, in the past, national power was thought to reside in the possession of a mighty arsenal and the maintenance of extended alliance systems, it is now associated with economic dynamism and the cultivation of technological innovation. To exercise leadership in the current epoch, states are expected to possess a vigorous domestic economy and to outperform other states in the development and export of high-tech goods. While a potent military establishment is still considered essential to national security, it must be balanced by a strong and vibrant economy. 'National security depends on successful engagement in the global economy,' the Institute for National Security Studies observed in a recent Pentagon study.
Regarding Blood and Oil: The Dangers and Consequences of America's Growing Petroleum Dependency
by Michael T. Klare, here is an excerpt
from the book and here is his most recent article--Oil and the Coming War With Iran
. Well, at least he has been consistent--consider The Geopolitics of War
, Wars Without End
, Oiling the Wheels of War
, and Imperial Reach
from his articles
for The Nation
alone. Here is an excerpt from his previous Resource Wars
and here is Scraping the bottom of the barrel
and Bush-Cheney Energy Strategy: Procuring the Rest of the World's Oil
. Well, as to his position on current events, I don't think we need to draw a picture here.
posted by y2karl
on Apr 13, 2005 -
Anybody see this coming?
The United States has asked Israel to check the possibility of pumping oil from Iraq to the oil refineries in Haifa. The request came in a telegram last week from a senior Pentagon official to a top Foreign Ministry official in Jerusalem.
posted by FormlessOne
on Aug 25, 2003 -
Is the currency that oil is denominated in the real reason for the Iraq War?
"The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
posted by thedailygrowl
on Feb 11, 2003 -