30 January 2003

Oceans of Greed

An introspective look at the rationale for war with Iraq - it's all about OPEC, says author David Wildman.
And what probably gets our goat even more is statistics such as these – compiled by Jeremy Rifkin of the publication Hydrogen Economy – that show the ratio of reserves to oil production: In the US, 60 percent of the recoverable oil has already been produced. We have little in the way of reserves. In Canada, the ratio is 8:1. In Iran, it is 53:1; in Saudi Arabia, 55:1; in the United Arab Emirates, 75:1. In Kuwait, it’s 116:1.

But in Iraq, the ratio is 526:1.