The petroleum factor
Recent conflicts in Iraq, Libya, Syria, and Ukraine have ostensibly been about “bad guys” who threatened peace with weapons of one kind or another, or stifled freedom and democracy.
Whatever the accusation, concerns about petroleum — oil and gas — are missing from official pronouncements. Yet each of these “hot spots” involves petroleum, a vital commodity for economies worldwide.
Since 9/11, the West has intervened in one country after another. But snapshots of events in each country create a collage with recurring petroleum themes that deserve attention.
Iraq
Iraq has the world’s fifth largest reserves of oil. The Bush administration accused Saddam …read more
Source: Pakistan Today
