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I was in the Oil and Gas business years ago. I'll tell you it makes the porn biz look like panzies. The guys in O&G are pirates to the max and super cut throat. It really is like that show that used to be on Dallas. All hardcore power mongers.
So yes undelying all this hype on Saddam. The bottom line is we wantz da oil and wez gonna getz da oil.
Iraq has several hundred million barrels. Its also shallow oil fields which means the lift and recovery costs are the lowest on earth which means lots more profits. If you figure at $30 a barrel there is several trillion dollars there. And they've only developed 20% of their fields so far. Talk about a big juicy steak! Georgie boy and his Texas oil buddies are licking their chops right now.
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