Reply #7: Did US do it to bring Iraqi oil to market? Or keep it off the market? [View All]

[eallen]

Both conspiracy theories have their proponents here. Those who believe the first think that American oil firms wanted to get the oil contracts in reconstructing Iraq, and the politicians wanted the oil on the market to moderate the rise in oil prices. Those who believe the second think that the big oil firms, mostly not American, wanted to keep Iraqi oil off the market to accelerate the rise in oil prices, and that Bush gave them this.

Obviously, these theories are diametrically opposed. The first group points out that some Iraqi oil is now getting to the market. The second group point out that Iraqi oil production clearly isn't what it might be. I'll be more inclined to believe one when those who advocate it can come up with enough evidence to convince those who advocate the other.

:evilgrin: