Henry C.K. Liu
http://www.news.bbc.co.uk/hi/english/despatches/newsid_69000/69411.stm
DamonMac at aol.com wrote:
> Henry Liu,
>
> If Iraq were allowed to sell oil on the open market, don't you think there
> would be a harmful collapse in prices? Isn't Iraq only second to Saudi Arabia
> in the amount of oil it has? You can't buy the administration's line about
> preventing Saddam from acquiring equipment to build weapons of mass
> destruction. This may be a part of the sanctions policy, but at most a minor
> one. You think keeping the embargo in place has NOTHING to do with the
> current low price/barrel? I know this sounds sinister (that 6-7,000 children
> must die a month to keep oil prices stable) but I think this may part of the
> reason for the sanctions. One of the main reasons Russia is having problems
> is because of low prices, and there has been near panic about Primakov and
> crew in the media and elite circles (calling him a "spymaster" and a
> Communist). Elites must be just as nervous about Saudi Arabia where there are
> anti-American Islamic fundamentalist challenges to the monarchy that could
> gain even more prestige in the public eye if the country starts suffering from
> a further price falls. The political instability argument is a legitimate
> one.
>
> Damon Mac Fodge