The Oil Factor: Behind the War on Terror

[ASsman]

the new documentary "The Oil Factor: Behind the War on Terror" examines the link between oil interests and current U.S. military interventions. It includes original footage shot over a four-month period in Iraq, Pakistan and Afghanistan as well as many interviews with a large array of personalities including Bush administration officials. [includes rush transcript]

http://www.democracynow.org/article.pl?sid=04/10/22/143233

[yeahwho]

ASsman, Thanks for this link. (y) It is a must see. A lot of what I've known and much of which many suspect comes to light here. The statement below is very accurate. The fear of the Sanctions lifting is part of the catalyst for where we are today.

Had sanctions been lifted or partially lifted, Iraq could have been filled with Europeans, Russians, Chinese, Japanese, all kinds of folks. No American or British folks, but we and the U.K. had been bombing Iraq for 12 years. Had sanctions been lifting with Saddam Hussein still in charge, we would have gotten no contracts and no opportunities to invest in Iraq, but furthermore, we would have lost the ability to attack Iraq at any time, because Iraq would have been filled with foreigners. LT. COL. KAREN KWIATKOWSKI

[Ali]

Along the same lines

Revisited - The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth by William Clark (http://www.ratical.org/ratville/CAH/RRiraqWar.html)
Summary
Although completely unreported by the U.S. media and government, the answer to the Iraq enigma is simple yet shocking -- it is in large part an oil currency war. One of the core reasons for this upcoming war is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. The second coalescing factor that is driving the Iraq war is the quiet acknowledgement by respected oil geologists and possibly this administration is the impending phenomenon known as Global "Peak Oil." This is projected to occur around 2010, with Iraq and Saudi Arabia being the final two nations to reach peak oil production. The issue of Peak Oil has been added to the scope of this essay, along with the macroeconomics of `petrodollar recycling' and the unpublicized but genuine challenge to U.S. dollar hegemony from the euro as an alternative oil transaction currency. The author advocates graduated reform of the global monetary system including a dollar/euro currency `trading band' with reserve status parity, a dual OPEC oil transaction standard, and multilateral treaties via the UN regarding energy reform. Such reforms could potentially reduce future oil currency and oil warfare. The essay ends with a reflection and critique of current US economic and foreign policies. What happens in the 2004 US elections will have a large impact on the 21st century

[yeahwho]

Hey Ali, (y) What happens in the 2004 US elections will have a large impact on the 21st century That's "No Bullshit"

[Ali]

Hey Ali, (y) That's "No Bullshit" I have a horrible feeling that the GOP are going to keep power. There are just too many frightened people in the US and Cheney and Bush are feeding that paranoia with their dire warnings and terrorist threats.