This is the imperial, global "prize" spoken of, and sought, by Dick Cheney and his U.S. energy-company backers and the reason the U.S. attacked Iraq: To steal control of other people's oil.
June 17, 2008
Ex-British Army Chief in Iraq Confirms Peak Oil as Motive for War; Praises Fraudulent Reconstruction Programmes
By Nafeez Mosaddeq Ahmed
Last month geological surveys and seismic data compiled by several international oil companies exploring Iraqi oil reserves showed that Iraq has the world's largest proven oil reserves, with as much as 350 billion barrels, significantly exceeding Saudi Arabia's 264 billion barrels, according to a report in the London Times. Former Bush administration energy adviser Matthew Simmons, author of the book Twilight in the Desert, says that Saudi oil production has probably already peaked, with production rates declining consecutively each year. This month the UK Treasury Department warned of the danger of an oil supply crunch by 2015, due to rocketing demand from China and India.