Tag Archives: Rumaila

Occupying Ghawar

(Excerpted from Chapter 13: USS Persian Gulf: Big Oil & Their Bankers…)

Aside from the economic benefits which US multinationals derived from the brief US war against Iraq and the curtailment of Saudi and Kuwaiti economic power which the Gulf War wrought, there were other important repercussions from the destabilization of the Persian Gulf region. Continue reading

Stealing The Oil & Making It Worthless

(Excerpted from Chapter 12: The Gulf Oil War: Big Oil & Their Bankers…)

While Saddam was preoccupied with the Iranians, the Kuwaiti government busied itself slowly moving its long-disputed border with Iraq northward into the area containing the massive Rumaila oilfield, which the Four Horsemen now knew to be one of the richest in the world. Continue reading