Reply #4: I found this interesting [View All]

[seemslikeadream]

You may recall that the Kuwaitis were slant drilling (sideways drilling) across the border. If Saddam really had gobs of oil, be would have gone ballistic, angry yes but invasion no. As the bots have it, there wasn't much left up north. The loss of any oil would have tipped off the big lie.

The Bush administration appears to be about to "hit the rocks" over oil in Iraq. The danger the administration faces is that if the word leaks out of the Iraq shortfall, before Bush SR. and the Mobil/Exxon and CheveronTexaco parties can buy long term oil from Russia, the whole Western derivatives pyramid will come crashing down and our markets could be toast within 2 weeks...

You name it and the market players were buzzing Thursday about the real reasons behind the former American leader's visit - an $18 billion play by U.S. oil giant CheveronTexaco for a blocking stake in the new Yukos-Sibneft combo? The launch of a $500 million private tie-up between Alfa Group and Pentagon-connected Carlyle Group? Divving up the hydrocarbon resources of postwar Iraq?

Looks to us like the Russians may try to replace OPEC's power - and they'll do it for cash and Loans!