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Iraq war and oil price spike.(Insider Report)(Brief Article)
"The U.S.-led invasion [of Iraq] has resulted in the loss of an average of 2 million barrels a day of Iraqi oil from world markets," wrote New York Times Middle East correspondent Youssef M. Ibrahim in the October 5 USA Today. "That is a significant number with huge consequences for the globe."
Prior to the March 2003 invasion, the Bush administration predicted that Iraq's oil exports would pay the costs of the war and occupation. But contrary to the cheerful forecast that Iraq would become "America's private gasoline-pumping station," continues Ibrahim, "the world has lost Iraq's oil. The impact is slowly taking its toll as the price of everything related to petroleum rises (from the food on the supermarket shelves to the gasoline in your car to the plastic chairs on your lawn)."
"The consequences have been evident in the past few months," ...
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- The UN's victory in Iraq.(Insider Report)
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...Savage, an outspoken supporter of the Iraq War until recently, posed a fascinating...Paul Bremer, Washington's viceroy for Iraq, issued a decree banishing members of...is moving to rehire former members of Iraq's ruling Baath Party and senior Iraqi...
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- Magazine article from: The New American April 19, 2004 700+ words
...With fewer than 100 days to go before Iraq resumes its sovereignty, American officials...control over the security situation in Iraq," reported the March 26 New York Times...indication of Washington's designs for Iraq was reported by the March 23 Chicago Tribune...
- Lawsuit: Iraq war requires formal declaration. (Insider Report).
- Magazine article from: The New American March 10, 2003 700+ words
...seeks to bar President Bush from attacking Iraq without Congress formally declaring war...plaintiffs, explained that "a war against Iraq without a congressional declaration of...asserts that the congressional resolution on Iraq passed in October 2002 "did not declare...
Source: HighBeam Research, Iraq war and oil price spike.(Insider Report)(Brief Article)