14
Okt
2005

Can Attacks on Oil Facilities Lead to Peace?

by Mike Whitney

The extra dollar per gallon that Americans are paying at the pump is the direct result of the war in Iraq. Think of it as the Bush Gas Tax for unnecessary wars. In 2001, Iraq was exporting 2.7 million barrels of oil a day through the Oil for Food program, which kept the price per barrel in the $25 range. In 2005 the amount has been chopped to 1.8 million barrels. That “extra million barrels per day” may not seem like a lot of oil, but with no excess capacity in the system, it has pushed the price up into the stratosphere, at times tipping the $70 per barrel mark. These prices were unimaginable before the war and are largely the result of the failed occupation strategy....

//www.dissidentvoice.org/Oct05/Whitney1013.htm
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