The Least, First

Monte Asbury's blog

Archive for May 22nd, 2007

And now, about that Iraqi oil …

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“How come?” one might wonder. “How come so much of the Middle East is poor when so much oil has been sold to the whole world?” Some go on to theorize that Arabs and Persians are simply inept or corrupt. Others lay the blame at the feet of Islam, and suggest that “Christian nations” more fairly distribute wealth.

But the truth is that western nations (read here USA and UK) have succeeded in diverting oil profits from those countries for a hundred years. And it’s about to happen again.

If you read A brief history of Iran-US relations, part 1: Constitution to Khatami, you’ll recall that eighty or ninety percent of Iranian oil profits during the first half of the 20th century ended up in Britain. Read the rest of this entry »

Written by Monte

May 22, 2007 at 1:57 pm