Abstract
I start with the premise that the war on Iraq was undoubtedly about oil. The prize was Iraq's spectacular oil wealth estimated at 330 billion barrels of proven, semi-proven and probable oil reserves. At current oil price of $130/barrel, the value of these reserves is estimated at $42.9 trillion, more than three times the United States' gross domestic product (GDP). Even Alan Greenspan, the former chairman of the US Federal Reserve Bank for seventeen years, says the Iraq war is largely about oil.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.