A Quote by Seymour Hersh
We'd be better off if the whole purpose of the adventure in Iraq was, say, to protect Israel or to protect the flow of oil to America and keep it at a reasonable price and try to get some more control. If it was about oil, going into Iraq, I guess, could have made sense. But at a certain point, when the insurgency began and we were in real trouble, there would have been some awareness that we were going to jeopardize the oil.
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I'm worried about people who say George W. Bush is lying. It's much more frightening that he's not lying, that he believes what he believes: that it's his mission to change the Middle East into a democracy. That's more unnerving. We'd be better off if the whole purpose of the adventure in Iraq was, say, to protect Israel or to protect the flow of oil to America and keep it at a reasonable price and try to get some more control. If it was about oil, going into Iraq, I guess, could have made sense.
Controlled Middle East oil, it would control the world. This oil represents 65 percent of world oil reserves. Therefore, America believes if it squashed Iraq, it would control the oil of the Middle East and consequently hold the oil in its hands [and] fix its price the way it likes.
What is the first thing we did when we took control of Iraq? Protect the oil fields. Remember the administration quote about how the oil would pay for the war.
Asia is rising economically - and is thirsty for oil. The price pressures on oil and oil price shocks, due to Asia's economic rise, mean that all steps made now to reduce oil dependence will protect us from pain and volatility later.
We're supposed to believe that oil had nothing to do with it, that if Iraq were exporting pickles or jelly and the center of world oil production were in the South Pacific that the United States would've liberated them anyway. It has nothing to do with the oil, what a crass idea. Anyone with their head screwed on knows that that can't be true.
There is a tremendous amount of oil in Iraq and it's still very, very cheap due to all the political uncertainty. So if you want to be a serious oil investor, I would say get yourself to Iraq in person and look around to find great opportunities.
I don't think for a minute we went to Iraq for oil. It just so happened that it had oil. But I think we'll come out of the Iraqi situation with a call on their oil at market price.
In Iraq, I listened to David Petraeus speak every day about how we had to rebuild Iraq's oil infrastructure and protect it. But, if we're going to go trillions of dollars in debt over Iraq, why can't we go billions of dollars in debt and make every single coal-producing plant clean in West Virginia?
There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the factors contributing to rising oil prices - which meant Americans were spending money on imported oil, rather than on things that would stimulate the american economy. Hiring Nepalese contractors in Iraq, moreover, doesn't stimulate the American economy in the way that building a school in America would do - and obviously doesn't have the long term benefits.
By accident of geography, the world's major oil resources are in Shi'ite-dominated areas. Iran's oil is concentrated right near the gulf, which happens to be an Arab area, not Persian. Khuzestan is Arab, has been loyal to Iran, fought with Iran not Iraq during the Iran-Iraq war. This is a potential source of dissension. I would be amazed if there isn't an attempt going on to stir up secessionist elements in Khuzestan.
Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.
The oil companies are really making a very lucrative amount of profit from the high price of oil. I don't that they're very keen to reduce the price of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they're enjoying the high revenue that they get.
The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.
It's a tragedy what is happening, what Bush is doing. All Bush wants is Iraqi oil. There is no doubt that the U.S. is behaving badly. Why are they not seeking to confiscate weapons of mass destruction from their ally Israel? This is just an excuse to get Iraq's oil.
If Bush had gone into Iraq for cynical reasons, we could cut our losses now. What's frightening is that he did it for ideological reasons, and therefore he's not going to get out. So it isn't ultimately about oil or about Israel, it's about a belief.
All my life I have been hearing that the oil was going to run out. It never happens. They keep discovering new oil fields. The world is apparently floating in oil fields.
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