Reuters reported on Sunday, 24th October, 2005, that pipeline attacks in the north of Iraq have stopped exports for a least a month and heavy seas are preventing loading of tankers at the main Basra terminal in the south.
That evening, the flagship British news programmes, BBC News, ITV News, and Channel 4 News, despite having two hours of broadcasting time between them, spent about 15 minutes on the hotel bombings in Baghdad as their main news item. None mentioned the pipeline attacks. Possibly our masters don’t want us to be reminded why they invaded Iraq in the first place.
The invasion has so far cost US taxpayers $202 billion and UK taxpayers approaching £6 billion in military costs. Since the invasion until October 20th 2005, there have been 279 attacks on pipelines, installations and oil personnel. It has succeeded in reducing Iraqi oil exports to 1980’s levels which in turn has been estimated to have added $10 to the cost of a barrel of oil on the world market. This is something to think about as we try to fill up at Tescos.
This was the invasion that was supposed, according to its neo-con architects, to pay for itself and lead within a couple of years to a doubling of Iraqi exports and the smashing of the OPEC cartel.
Energy crisis? Resource wars don’t appear the answer.
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1 comment:
An efficient way to get oil, isn't it.
Beat some folks bad and they'll see you don't get what it is you want.
What's so hard to get about that?
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