[quote=felix]I’m not sure what is the point of your reply.
Again we didn’t choose this war. Saddam did.[/quote]
The point is simple.
You wanna argue Saddam was an asshole who did not get along with his neighbors. Sure, no problem. Then again, we hired him to not get along with some neighbors. But that is another story.
I guess you could say he chose the war because he was defiant, but if you think it has to do with his ability to a) deliver a WMD to cause harm to the US or b) cause 9/11-style attacks you are out of your mind. However, that was the sell point to the public. Which was bullshit. He was so weakened after the clinton sanctions he could barely keep the lights on in his country.
WMDs, terrorism and all that nonsense was kind of a “watch the birdie” type distraction to a pre-planed ME domination plan written in the 90s. If he would have played ball with the big boyz he could have been sitting pretty right now. Living like the Saudi Kings.
Now, to bring this point around to the thread topic, because it is inexorably linked to the future of the US and the world economy for that matter.
It’s Iraq’s oil reserves. Saddam’s biggest threat was not being about to pump oil out of the ground fast enough. Oil growth and economic growth have about a 98% correlation. By 2005 all world oil production stalled until the july 2008 price spike the led to the banking crash. Then demand plummeted. The main reason for the price spike was that demand was outstripping supply.
Since no other region could increase production and many are declining, Iraq is the most important place in the world for the global economy because of it’s ability to increase production.
Now, back up a minute and take a look at the western world. About 1/4 of the counties in europe are on the brink of default and the US’s debt addiction is not getting any better. Really, we need rehab, which will come at some point in a most painful way.
But back to the oil. The tremendous debt overhang of the entire western world is all predicated on “growth” to pay back.
Given, that oil growth and economic growth go hand and hand, you better believe what those oil engineers are doing is about the most important thing in the world and 100% linked to the future of the country.
