James Miller

 

Wednesday, October 25, 2006

Iraq

 

The real problem with the Muslim world is that it is an economic basket case. Few Muslim countries are financially successful and those that are such as Dubai, Turkey and Malaysia, have very special circumstances and reasonably proper management.

Take Iran as an example. It has very low petrol prices, which are highly subsidised. It may be one of the largest oil producers, but it has to import petrol. Consumption of petrol is consequently very high and much is smuggled abroad. What a joke!

If Iraq splits into three, the north and south would have wealth in oil and the centre would be virtually bankrupt. How long before that created a war based on jealousy?

All this and many other economic factors, mean that the area will end up in flames one way or another. Will China keep supplying the petrol that Iran needs in exchange for all the oil it has bought? Will we try and do anything to stop the war? I doubt it. After the mess we've got them in by invading Iraq, I know we don't have the stomach for it.

So the outcome is that we will lose a lot of our oil supply. Good! It might just bring a sense of reality to our consumption. It might even bring sense to the US.

Global warming is a much more important problem for the world, than sorting out those despots, who take the name of a once great religion in vain.

I just feel very sorry for all those good people of the area, who just want the same peaceful and happy lives we all do. I doubt they'll get it in the next twenty years or so!

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