Iraq oil contracts

[fatman]

And here i was thinking the US invaded for the oil seems the Russians and the Chinese have done all right for themselves

[callmeslick]

And here i was thinking the US invaded for the oil seems the Russians and the Chinese have done all right for themselves

not as well as the Iranians, who apparently have simply occupied a large field.

[nicolas10]

They attacked not to secure the oil supply, but because Saddam wanted to get paid in € and no more in $.

It is for this very reason that the US are going to attack Iran at some point.

Nic

[callmeslick]

They attacked not to secure the oil supply, but because Saddam wanted to get paid in € and no more in $.

that one, I think, has pretty well be debunked at this point. So long as the Saudis and other Gulf States operate on a dollar basis, what Iraq chose to do was meaningless. Even more so Iran, with a screwed up infrastructure and far less reserves than Iraq.

[nicolas10]

I don't think it's been debunked at all concerning Iraq. And we're going to see how it turns out concerning Iran.

Nic