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War not about oil?

category national | miscellaneous | news report author Wednesday March 26, 2003 10:59author by -

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Sorry, this is a repost of an article on BBC. Not something I would normally do, but I thought it was an unusual enough arguement to warrant attention. Jerry Taylor is an oil expert at the right-of-centre Cato Institute in Washington.

"If the argument is that war is primarily being executed to ensure global access to Iraqi oil reserves, then it flounders upon misunderstanding. The only thing preventing Iraqi oil from entering the world market in force is the partial U.N. embargo on Iraqi exports. Surely if access to Iraqi oil were the issue, it would have occurred to Bush and Blair that removing the embargo is about 100 billion dollars cheaper - and less politically risky - than going to war".


http://news.bbc.co.uk/1/hi/world/middle_east/2861721.stm



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