Iraq, OPEC and the Future of Oil

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The US consumes more oil than any country in the world. Iraq produces more of it than any other nation except Saudi Arabia. Yet, despite fears that a US attack on Iraq might endanger oil supplies, OPEC decided not to increase production at its meeting today in Osaka, Japan. How would Saddam Hussein respond it the US were to attack? If he were overthrown, what would happen to control of the world-s markets? How would that shift of power impact consumers? As oil prices fluctuate and prospects for war rise and fall, we look at international politics and price of foreign oil with policy directors and consultants to the American petroleum industry, and a former executive of British Petroleum.
Jeffrey Kaye of public television-s NewsHour with Jim Lehrer guest hosts.
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President Bush's Remarks on the Iraqi Resolution

United Nations


International Energy Forum

US Strategic Petroleum Reserves

Tyco International



Warren Olney