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Old 03-23-2003, 06:21 PM  
strainer
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Join Date: Oct 2002
Location: Philadelphia
Posts: 418
Quote:
Originally posted by xxxdesign-net


mmh, Whats your sources?
The embargo was passed by the US as a penality so Iraq could not get rich and became even more dangerous...

Why the US would then buy Iraq Oil from a middle man!??
This is my whole point. Nothing wrong with being against the war, but most of the protest people seem ignorant of basic facts.

Here is a quote, from the associated press:

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Q. Who buys Iraqi oil?

A. The United States tends to be the biggest importer of Iraqi crude, buying 366,000 barrels a day during December 2002. Iraq was the seventh-biggest supplier of U.S. crude imports that month, according to the U.S. Energy Information Administration. Iraq's other customers include France, Italy, Spain and the Netherlands.

Last month, about two-thirds of Iraq's exports went to importers in North and South America. More than half of this amount ended up in the United States.

The buyers that deal directly with Iraq are often small, Russian-owned trading companies acting as middlemen. They ship the oil from Iraq to refiners and other users in importing countries.

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You can find the full article at:
http://www.metrowestdailynews.com/ne...&a03192003.htm

But mainly, use common sense. Any comodity (gold,oil,bananas) can be freely traded on world markets. Even if Saddam was so inclined as to not export oil to the U.S., somebody out to make a buck will gladly buy it and resell it here.

The cynical can spot lots of geopolitical reasons why we might want to invade Iraq. But oil - is not one of them.
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