[lbo-talk] State-run oil company is being weighed for Iraq, By Chip Cummins, Wall Street Journal

[Devine, James]

it's better to control strategic assets than to have someone else do so. With oil, there are serious rents that can be captured... 

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Jim Devine jdevine at lmu.edu &  http://bellarmine.lmu.edu/~jdevine

I wrote: 
> >But the broader goal of US strategic control over the world supply 
> >of oil seems to be achieved at this point.

Doug: 
> We've been here before, but just what does that get the U.S.? Are the 
> Bushies operating on some antique model of empire, in which control 
> over land and resources confers some economic advantage? Just what 
> would that advantage be? They're not going to cut off Japan or 
> France, are they? If they wanted to, they could just blockade them 
> anyway.