AHMED ZAKI YAMANI: Prospects Of War, Psychology of Oil

Former Saudi Oil Minister AHMED ZAKI YAMANI says Saddam Hussein and the Gulf crisis will forever change the world petroleum game

Q. Does Saddam Hussein have a plan?

A. He knows that Iraq has a terrible financial problem, and he has to solve it. That is the root of his motivation, in my judgment. He thinks the best way to deal with this difficulty is to take over Kuwait, get hold of its oil and financial assets. Beyond that he has other great ambitions, which must also be financed.

Q. What is Iraq's oil strategy? And how great a threat does Saddam's control of the Kuwaiti oil fields represent?

A. I wonder if Iraq has a strategy. Saddam may only have temporary...

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