Monday, April 14, 2008

Oil in Iraq

According to this short article by global policy.org, Iraq has the second largest oil reserves in the world. Because Iraq nationalized oil in 1972, the US and UK were left out of any oil-based treaties, thus creating a motive for American aggression in Iraq.
"The US has threatened to withhold funding as well as financial and military support if the law does not soon pass." Clearly the US has long had an interest in Iraqi oil and refuses to be stopped by it's own puppet government in Iraq. Because the US now controls Iraq and it's government, oil prices still remain comparatively cheap here in the US, whearas in Latin America, Africa, Asia, and parts of Europe oil prices are high, and still rising. In some pacific nations, people have to pay as much as $8.00 per gallon, given deflation of their currency to US standards, that is A LOT of money to simply fill up a gas tank. Is this freedom and liberty for all? or merely a capitalist F*$# the rest of the world attitude? The world is eating out of the hands of
rich oil companies around the world, my solution:Convert to a different energy source, fight back against greedy money-grabbing politicians and oil companies, vegetable oil is not only cheaper to produce, but it is more efficient and better for the environment.

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