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Power Cut Shuts Down Iraq Oil Exports

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 - 21 comments

Regarding Blood And Oil

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 - 52 comments

The Sinking PetroDollar - abandon ship!

Is Hugo Chavez Frias a marked man? What about Gerhard Schroeder or Pooty-Poot? We know that Saddam got Euros for oil. October 31, 2000 The United Nations Sanctions Committee approves an Iraqi request to be paid in Euros, rather than United States dollars, for oil exported under the "oil for food" program, which is part of the sanctions regime stemming from Iraq's 1990 invasion of Kuwait.

Iran has interest in changing to either the new gold dinar or the nifty Euro. Implementation would be in 2005. If you belive Rense.com about The Sunburn (and keep in mind Iran hasn't had over a decade of sanctions to keep its military in check), the float of the PetroDollar may stop once the lighter than water part leaves the Dollar - and the invasion trick won't float (for long) this time.
Anyone scared yet?
posted by rough ashlar on Nov 4, 2004 - 24 comments

Anybody see this coming?

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 - 28 comments

The Euro Effect Iraq Oil and threat to the dollar

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 - 35 comments

US buys up Iraqi oil to stave off crisis

US buys up Iraqi oil to stave off crisis Buy now. Own later. Is this odd or what?
posted by Postroad on Jan 27, 2003 - 14 comments

Iran and Iraq: too much there for countries to ignore

Iran and Iraq: too much there for countries to ignore If the peaceniks in the U.S. insist that going into Iraq is an attempt to get hold of the oil, then it might equally be said that those nations opposed to an American attack on Iraq also have self-interest in not wanting America to enter Iraq.
posted by Postroad on Oct 30, 2002 - 14 comments

Hubbert's Peak: the impending oil shortage

Hubbert's Peak: the impending oil shortage Is this the REAL reason behind the push to invade Iraq? In 1956. M. King Hubbert, a respected petroleum geologist, predicted - to within a year! - the peak in US oil production: 1970. US oil production has declined every year since. Using the same statistical methods, others now predict a world peak in oil production within a decade or even as early as 2006.
posted by troutfishing on Oct 18, 2002 - 21 comments

Mo Mowlam (former UK Government cabinet member) says the real goal of an Iraq war "is the seizure of Saudi oil".

Mo Mowlam (former UK Government cabinet member) says the real goal of an Iraq war "is the seizure of Saudi oil". The much-loved Northern Ireland peace process go-between writes that the threat of Saddam Hussein is already well-contained and that "Bush wants war to keep US control of the region". Hers is a view espoused fairly regularly of late. Would it really damage the American position to admit that this more about oil than about terrorism?
posted by skylar on Sep 5, 2002 - 12 comments

Finally, finally, finally!! Someone in the mainstream media is finally asking some questions. Lots of people (here and abroad) have known about this book for some time. I think it deserves some checking into.
posted by bas67 on Jan 8, 2002 - 77 comments

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