bigOz wrote:No one knows yet what volume of oil reserves (if any) exists in the area and whether it is economically viable to drill it out. That being the case I think it is a bit too early to speculate on US policy for the area.
Yes I do agree that major oil supplies could be of great economic and political interest to USA, Russia and even China. I further agree that, out of the three USA is more likely to get involved militarily to protect economic interests, BUT I do not agree that any such situation exists around Cyprus for now.
BTW, I always said and insist that US intervention in Iraq was not Al Kaida (which is even more clear now) or to aid Iraqi people against oppression! It was the ongoing oil deals between Iraq, Europe and China where Saddam was willing to drop US dollar as the oil-currency in preference to EU dollar! This is why many of the major powers in Europe who had interests in those deals (e.g. Germany, France, Russia etc. opposed participating in any military intervention at the time).
Precicely!
