Magazine
Latest Issue

Crude oil motives

It is oil consumers, not producers, that matter; and even they will be just one factor in the war. The US can't simply take Iraq's oil

By David Buchan   March 2003

Anti-war demonstrators in the US and Europe wave “No Blood for Oil” placards. But oil is only a background factor in the conflict. It is true, of course, that if Saddam were not sitting on 11 per cent of the world’s oil reserves and within striking distance of much of the rest, there would be less western concern about him. Questions of long-term supply and price are of vital interest to the western world but it does not follow that the war is being fought on behalf of “big oil.” Notwithstanding the personal connections of senior US politicians to the…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect