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The Oils of War24:50
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photoIn the buildup to the Iraq war last year, Deputy Secretary of Defense Paul Wolfowitz testified before Congress that "oil revenues of Iraq could bring between $50 to $100 billion over the course of the next two or three years."

Current revenues are a fraction of those estimates and are not likely to increase in the coming months or even years.

Click the "Listen" link to hear about how Iraq's oil instability will affect its post-handover economy and the world oil market.

Guests:

Gal Luft, executive director of Institute for the Analysis of Global Security

Youssef Ibrahim, director, Strategic Energy Investment Group

Kiren Chaudhry, associate professor of political science at UC Berkeley

Dominic Nutt, author of Christian Aid report "Fuelling Suspicion: The Coalition and Iraq's Oil Billions"

This program aired on June 29, 2004.

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