I came across this reference to Greg Palast's discussing his new book Armed Madhouse with Amy Goodman http://www.informationclearinghouse.info/article13055.htm I found his perspective on the mid-east oil wars made a lot of sense. GREG PALAST: Is the war in Iraq for oil? Yes, it's about the oil, but not for the oil. In my investigations for Armed Madhouse, I ended up with a story far more fascinating and difficult than I imagined. We didn't go in to grab the oil. Just the opposite. We went in to control the oil and make sure we didn't get it. It goes back to 1920, when the oil companies sat in a room in Brussels in a hotel room, drew a red line around Iraq and said, There'll be no oil coming out of that nation. They have to suppress oil coming out of Iraq. Otherwise, the price of oil will collapse, and OPEC and Saudi Arabia will collapse. Apparently, this is very much like DeBeers controlling the cost of diamonds by regulating the quantities available to the market thus propping up prices. .