Sunday, February 02, 2003

Before we annihilate Saddam and all of Iraq, make sure to write a letter of thanks to Saddam and all his enablers like Chevron, Exxon, BP and Shell. -

US buys up Iraqi oil to stave off crisis - Seizing reserves will be an allied priority if forces go in - Faisal Islam and Nick Paton Walsh in Moscow, Sunday January 26, 2003, from The Observer;

Facing its most chronic shortage in oil stocks for 27 years, the US has this month turned to an unlikely source of help - Iraq. Weeks before a prospective invasion of Iraq, the oil-rich state has doubled its exports of oil to America, helping US refineries cope with a debilitating strike in Venezuela.

After the loss of 1.5 million barrels per day of Venezuelan production in December the oil price rocketed, and the scarcity of reserves threatened to do permanent damage to the US oil refinery and transport infrastructure. To keep the pipelines flowing, President Bush stopped adding to the 700m barrel strategic reserve.

But ultimately oil giants such as Chevron, Exxon, BP and Shell saved the day by doubling imports from Iraq from 0.5m barrels in November to over 1m barrels per day to solve the problem. Essentially, US importers diverted 0.5m barrels of Iraqi oil per day heading for Europe and Asia to save the American oil infrastructure.

Great - we'll give Saddam plenty 'o cash so he can go on a shopping spree right before we vaporize his country.

Or better yet, we can use the fact that he has money as proof that he has WMD because he has the funds to purchase WMD....

Money, which he got from us.....

By purchasing Iraqi Oil.....

So Saddam can purchase more WMD

Does this feel like some twisted Terry Gilliam version of Groundhog Day to you too?


Post a Comment

<< Home