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Commodities Briefing - Categorized | Market Moves, Oil more

Why the war in Iraq was fought for Big Oil

Posted on 20 March 2013

Yes, the Iraq War was a war for oil, and it was a war with winners: Big Oil. It has been 10 years since Operation Iraqi Freedom’s bombs first landed in Baghdad. And while most of the U.S.-led coalition forces have long since gone, Western oil companies are only getting started.
Before the 2003 invasion, Iraq’s domestic oil industry was fully nationalized and closed to Western oil companies. A decade of war later, it is largely privatized and utterly dominated by foreign firms………………………………………..Full Article: Source


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VRS - who has written 36088 posts on Opalesque Commodities Briefing.


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