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First time I've ever heard this. I've heard lots of how the U.S. went in to steal Iraqi oil, but never about how the U.S. went in to destroy the Iraqi oil indu
by cryptonector 8y ago
First time I've ever heard this. I've heard lots of how the U.S. went in to steal Iraqi oil, but never about how the U.S. went in to destroy the Iraqi oil industry. Explain?
- mirimir 8y agoFrom what I've read, it was a deal with the Saudis. Iraq was reportedly planning, with Russian help, to modernize its oil industry. And to out-produce Saudi Arabia, and break OPEC. And to evade US sanctions by selling oil in other currencies. There's also reporting about close ties between the Bush and Saudi families. Same private schools. Kids vacationed together.
- ionised 8y agoThey were also planning to stop using the $ in favour of the Euro to price their oil. US business interests did not like that one bit.