LisÂten: One SegÂment
HighÂlightÂing recent geo-politÂiÂcal develÂopÂments in the petroÂleÂum indusÂtry, this proÂgram examÂines some of the conÂsidÂerÂaÂtions underÂlyÂing recent headÂlines. Although pubÂlic attenÂtion has focused on the issue of Iraq’s weapons of mass destrucÂtion, ecoÂnomÂic anaÂlysts conÂcenÂtratÂed on the issue of Iraq’s oil and its potenÂtial effect on the world petroÂleÂum marÂket. If UN sancÂtions against Iraq were liftÂed, the impact of so much oil becomÂing availÂable on the interÂnaÂtionÂal marÂket might very well depress the price of petroÂleÂum below $10.00 per barÂrel. RussÂian oppoÂsiÂtion to recent AmerÂiÂcan milÂiÂtary prepaÂraÂtions in the MidÂdle East is rootÂed in a need to chanÂnel Iraqi oil profÂits toward payÂing off the large Iraqi debt to RusÂsia. In addiÂtion, RussÂian fasÂcist Vladimir ZhiriÂnovsky has vigÂorÂousÂly chamÂpiÂoned the major investÂment made my the RussÂian Lukoil comÂpaÂny in Iraqi petroÂleÂum develÂopÂment. The broadÂcast also sets forth disÂcusÂsion of the enorÂmous profÂits being made by Iraqi oil black-marÂketers, includÂing peoÂple close to SadÂdam HusÂsein. The proÂgram touchÂes on maneuÂverÂing by ConoÂco (one of the largest U.S. oil comÂpaÂnies, conÂtrolled by Du Pont) in the forÂmer SoviÂet Union and ConoÂco’s dalÂliance with the IslamÂic-funÂdaÂmenÂtalÂist TalÂiban miliÂtia in Afghanistan.
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