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Monday, August 11, 2014

The Kurdistan-ISIS Airstrikes And The Protection Of Oil Markets

 
Alan: Lest we forget... The Iraq War would not have happened if Iraq's principal export were broccoli.

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"If the Islamic State were to take over Erbil, they would endanger Iraq’s oil production and, by extension, global access to oil. Prices would surge at a time when Europe, which buys oil from Iraq, has still not escaped the global recession. Oil prices have already risen in response to the Islamic State’s threat to Erbil, and on Thursday, American oil companies Chevron and Exxon Mobile began evacuating their personnel from Kurdistan. But oil traders are predicting that American intervention could halt the rise." 
John B. Judis in The New Republic

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"Losing Iraq"
A superb Frontline documentary



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