Thursday, June 15, 2006

Living In The City

Oil production in Iraq is a business beset by security concerns (photo-AP)

Of course living in a modern city requires oil. Hence the Baghdad adventure, right? Soooooooo, once the oil begins to flow again we can all rest easy, right? Well, no. Not according to this Greg Palast article posted at Alternet: Keeping Iraq's Oil In the Ground. Apparently Iraq has too much oil, which pushes prices down, which in turn pushes profits down. Hence the Baghdad adventure. Right?

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