http://english.pravda.ru/opinion/feedback/80600-3/snip...
The profits of five oil companies combined (American: ExxonMobil, Chevron, and Conoco, British: Shell and British Petroleum) in 2005 was 111 billion dollars. And these profits are about to go through the roof. The reason? Production can not keep-up with demand, and even if it could, there isn’t enough oil to satisfy all, at present prices. Oil companies’ valuations are based on those companies’ access to oil reserves. Iraq and Iran combined have over 20% of the world’s total proven oil reserves. Imagine what having access to those reserves will do for the valuation of American oil companies, not to mention their profits
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Currently over 60% of the world’s oil reserves are in Middle East. Four countries in the region, Saudi Arabia, Iran, Iraq and Kuwait, have over half of the world’s proven oil reserves
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But the fact is that in 15 years the North American and Asia Pacific oil reserves will be depleted. This will represent a marked reduction in oil supplies world wide. In other words within 15 years if we do not increase oil production drastically in the Middle East and elsewhere, world will face tremendous oil shortages. Increasing oil production is not that easy either. Each Oil field has an optimum production rate. If one tries to go beyond that rate and tries to sustain high production rate, one damages the oil field and thereby substantially reducing the amount of recoverable oil. This problem is well documented by the oil industry.
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Richard Perle has served in important government posts under various administrations. He was Secretary of Defence under Reagan administration and Chairman of the Defence policy Advisory Committee (2001-2003) under Bush Administration. He is also the signatory of Project for the New American Century, a think-tank institute and one of the main organisations pushing for invasion of Iran. Perle is currently a resident fellow at the conservative think-tank American Enterprise Institute for Public Policy Research. He sits also on the board of advisors of Jewish Institute for National Security Affairs (JINSA).
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Douglas Faith served at Defense Department as Undersecretary of Defense for Policy, under Donald Rumsfeld and Paul Wolfowitz. Feith had previously served in the Reagan administration, starting off as Middle East specialist at the National Security Council (1981-82) and then transferring to the Defense Department where he spent two years as staff lawyer for Assistant Defense Secretary Richard Perle. He is the director of Foundation for Jewish Studies, and former advisor to Jewish Institute for National Security Affairs (JINSA).
David Wurmser, Dick Cheney's Middle East adviser, was the Special Adviser to Under Secretary of State for Arms Control and International Security (2001-2003). He is also member of Board of Directors of U.S. Committee for a Free Lebanon.
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It was a done deal all along...