It's all about oiiiiiiiiiiillllllllll. Plus money.
Posted by aogSunday, 27 April 2003 at 11:40
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Apparently Iraq may drop out of OPEC
. When I saw the headline I assumed that it would be because the other members of OPEC wouldn't want a US proxy involved in OPEC meetings / decisions / etc. But it turns out that the Iraqis (as claimed by Fadhil Chalabi, a former Iraqi oil minister) want to pump large amounts of oil to help pay for rebuilding Iraq. Chalabi also said that the Iraqi industry must be privatized to attract foreign investment following the war. That's a very encouraging comment from someone who is directly involved.