"Invasions need to be self-financing and, ultimately, successful wars need to be profitable enterprises. This is axiomatic in big-power politics. This is also what distinguishes big powers from not-so-big powers like India (with its liberation war in East Pakistan or its IPKF war in Sri Lanka).
The Iraq war is no exception. Maybe, Big Oil has to share Iraq’s oil with China or Russia to an extent but the low-hanging fruits belong to the US. No two ways about it.
Petrodollar recycling is as important as control of oil fields and the manipulation of prices. The downstream activity is actually much more lucrative because it is one hundred percent opaque - where exactly are the petrodollars stacked away by the Persian Gulf oligarchies, in which banks, in which currencies, in which countries of the western world exactly, as also how those monies are wisely spent. Saudi Arabia, Kuwait, Qatar, UAE - they are all part of the supply chain led by the West".............READ MORE
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