Already standing in line for oil…or a ‘stampede’, this oily spokesman explains. At the other hand, France still says ‘non’ to an Iraq conflict and agrees with Germany. Here’s an analysis on Germany’s Iraq stance.
Oil firms wait as Iraq crisis unfolds While debate intensifies about the Bush administration’s policy, oil analysts and Iraqi exile leaders believe a new, pro-Western government — assuming it were to replace Saddam Hussein’s regime — would prompt U.S. and multinational petroleum giants to rush into Iraq, dramatically increasing the output of a nation whose oil reserves are second only to that of Saudi Arabia.
“There already is a stampede, with the Russians, French and Italians already lined up,” said Lawrence Goldstein, president of the Petroleum Industry Research Foundation, a New York think tank funded by large oil companies.