NewsMine — war-on-terror — iraq — oil — Viewing Item

Maybe 100 barrel Original Source Link: (May no longer be active)    http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2002/09/25/woil25.xml&sSheet=/portal/2002/09/25/ixport.html http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2002/09/25/woil25.xml&sSheet=/portal/2002/09/25/ixport.html Yamani: oil may hit $100 a barrel By George Trefgarne, Economics Editor (Filed: 25/09/2002) Sheikh Yamani, the former head of Opec who terrorised the West with threats over oil supplies in the 1970s, returned to the fray yesterday when he warned that the price of crude could triple to $100 a barrel if there is a war against Iraq. His comments contributed to another torrid day on financial markets, where shares tumbled. The FTSE 100 index closed down 68.3 at 3,671.1, a level unseen since December 1995. In an interview in a German magazine DM Euro, Sheikh Yamani - who is now retired as Saudi oil minister but still close to the ruling family - said Saddam Hussein could fire chemical weapons at his neighbours if he was attacked. "And if that's the case, you can expect a triple-digit oil price. It could rise to $100 if the flow of oil from Kuwait and Saudia Arabia is turned off." The benchmark price of a barrel of crude rose 12 cents to $29.25 yesterday, still below the $40 a barrel it reached during the Gulf war. But analysts are increasingly concerned that it will continue to rise. Last night Alan Greenspan, chairman of the US Federal Reserve, declined to come to the market's rescue. US interest rates were left on hold at 1.75 per cent.

After 36 years oil giants return to iraq { June 19 2008 } Blair advisor says war for oil Bp shell gets bulk iraqi crude oil Bush funds shift to oil production and security { September 13 2004 } Cheney 2001 energy task force { July 18 2003 } Cheney eyes iraq before 911 Cheneys oil map { July 19 2003 } Iran US stooge chalabi takes over oil { January 2 2006 } Iraq agreements with major oil companies fail { May 2008 } Iraq government to allow oil privitization { December 11 2006 } Iraq oil ministry control { April 20 2003 } Iraq oil mission successful says reporter { March 20 2006 } Iraq producing less oil than under saddam Iraq unions against oil privatization { November 2006 } Iraqi union protesters fear loss of oil control { June 3 2007 } Iraqi union workers protest oil privatization { June 5 2007 } Iraqi war oil { September 15 2002 } Iraqis fights over foreign oil rights { April 2007 } Iraqis protest theft of sovereignty oil { June 2007 } Iraqis want un control oil cash { May 9 2003 } Israel eyes iraqi oil { April 9 2003 } Israeli firm awarded oil tender in iraq { February 25 2004 } Its the oil { September 23 2002 } Last pipeline oil peak Law keeps central control over oil in iraq { January 20 2007 } Maybe 100 barrel Oil advisor conflict interest { May 16 2003 } Oil output plunges to lowest levels { January 3 2006 } Post war iraq lags in oil production { May 2 2005 } Pre 911 oil contracts { July 18 2003 } Protect oil { January 23 2003 } Re engages oil { September 17 2002 } Russia iraq oil { September 30 2002 } Tricle could become gusher { May 10 2003 } US advised iraqi ministry on oil deals { June 30 2008 } Us asks israel explore reopening pipeline Us wants oil industry control { May 9 2003 } US written iraqi oil law opposed by iraqis War oil stability { February 1 2003 } Western companies to get 75 perc of iraqi oil profits Files Listed: 40

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