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For sure Iraq's oil was a major concern for those who plotted the war against Iraq. It's likely that they believe (or pretend to believe) the Peak Oil theory, which says that world production of oil is nearing a peak and that thereafter oil production is all downhill "” bad news for oil-gluttonous societies, especially for the most oil-gluttonous of all by far, the U.S.A.
http://www.serendipity.li/peak_oil.htm
Peak Oil and Iraq
In a speech to the International Petroleum Institute in London in late1999, **** Cheney, then chairman of the world's largest oil services company, Halliburton, presented the picture of world oil supply and demand to industry insiders. 'By some estimates,' Cheney stated, 'there will be an average of two percent annual growth in global oil demand over the years ahead, along with, conservatively, a three percent natural decline in production from existing reserves.' Cheney ended on an alarming note: 'That means by 2010 we will need on the order of an additional fifty million barrels a day.'
The burning question is where will we get such a huge increase of oil? In the decade from 1990 to 2000, a total of 42 billion barrels of new oil reserves were discovered worldwide. In the same period, the world consumed 250 billion barrels. In the past two decades only three giant fields with more than one billion barrels each have been discovered. One in Norway, in Columbia and Brazil. None of these produce more than 200,000 barrels a day. This is far from 50 million barrels a day which the world will need.
According to the estimates of Colin Campbell and K. Aleklett of Uppsala University, Abu Dhabi, Iraq, Iran, Kuwait and Saudi Arabia hold the overwhelming bulk of the world's remaining oil. If the peak oil analysis is accurate, it suggests why Washington may be willing to risk so much to control Iraq and through its bases there, the five oil-rich countries. It suggests Washington is acting from a fundamental strategic weakness, not from absolute strength as is often thought. A full and open debate on the problem of peak energy is urgently needed.
http://www.globalresearch.ca/articles/ENG408A.html
Iraq and the Problem of Peak Oil
http://www.serendipity.li/peak_oil.htm
Peak Oil and Iraq
In a speech to the International Petroleum Institute in London in late1999, **** Cheney, then chairman of the world's largest oil services company, Halliburton, presented the picture of world oil supply and demand to industry insiders. 'By some estimates,' Cheney stated, 'there will be an average of two percent annual growth in global oil demand over the years ahead, along with, conservatively, a three percent natural decline in production from existing reserves.' Cheney ended on an alarming note: 'That means by 2010 we will need on the order of an additional fifty million barrels a day.'
The burning question is where will we get such a huge increase of oil? In the decade from 1990 to 2000, a total of 42 billion barrels of new oil reserves were discovered worldwide. In the same period, the world consumed 250 billion barrels. In the past two decades only three giant fields with more than one billion barrels each have been discovered. One in Norway, in Columbia and Brazil. None of these produce more than 200,000 barrels a day. This is far from 50 million barrels a day which the world will need.
According to the estimates of Colin Campbell and K. Aleklett of Uppsala University, Abu Dhabi, Iraq, Iran, Kuwait and Saudi Arabia hold the overwhelming bulk of the world's remaining oil. If the peak oil analysis is accurate, it suggests why Washington may be willing to risk so much to control Iraq and through its bases there, the five oil-rich countries. It suggests Washington is acting from a fundamental strategic weakness, not from absolute strength as is often thought. A full and open debate on the problem of peak energy is urgently needed.
http://www.globalresearch.ca/articles/ENG408A.html
Iraq and the Problem of Peak Oil
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