Iran, Iraq and the Soviet Union

Main article: Iranian revolution, Iran-Iraq War, Soviet invasion of Afghanistan and Gulf War
See also: Operation Ajax
The second oil crisis put under great tension to relations between the U.S. and Iran, which made an Islamic revolution as a result of the black Friday, while the hostage crisis ended by digging a trench between the two countries, Referring the sale of weapons at that time, the Iran-Contra scandal is always among the scandals of the Reagan presidency.
The “Anti-oil shock” of 1986 is partly explained by the will of the United States and its allies in the Middle East to bring the Soviet Union in a position frankly bankruptcy: book is a financial and economic war and using petrodollars Saudi diplomacy. Oil exports are vital to the balance of payments and the Soviet Kremlin diplomacy (the satellite countries to guarantee a safe supply of oil was one of the means by which the USSR had to take them as political prisoners), the U.S. managed to convince governments Saudis (who were his allies in the war in Afghanistan), the Emirates and Kuwaiti strongly increase its production in order to defeat the Russians.
The cost was high for the countries at the beginning of this offensive economica. Many small American producers went bankrupt, while the flow petrodivisas to the Gulf countries would slow down, causing a severe reduction in their “lifestyle.” These “side effects” were fully anticipated and accepted by the governments involved, this policy took off. The USSR extracted as much oil as possible, but in 1988 its main oilfield, Samotlor, production fell heavily, dragging the country’s production. The main source of foreign currency in the USSR fell, while the country’s finances were requested so terrible (the Afghan conflict and the major military projects that were added to the normal charges). Although it was neglected by many analysis, this factor was one of the most important to the collapse of the Soviet Union.
Operation Desert Storm (1991): coalition aircraft flying over the oil wells set ablaze by Iraqi troops at the time of withdrawal. The American firefighter Red Adair participated in extinguishing the fire after a conflict has ended.
A side effect of this war was the economic collapse of Iraq, at war with its neighbor, Saddam Hussein called for an end to this policy, but the U.S. refused for reasons more important, and Iraq must stop a quick war. In front of the refusal of Western financial aid, Iraq invaded Kuwait, after it warned the United States.
The Iran-Iraq War of the 80 was in part due to the willingness of Iraq to control the border. Both warring attacked oil tankers in the Gulf, and the U.S. Navy had to intervene at the time of the operation praying mantis. The Iraqi invasion of Kuwait at the start of the 90’s was also the beginning of a war in Forbes which the United States intervened to ensure the safety of their supplies. On that occasion, President Bush to proclaim Father geopolitical theory Quadrant Asset Management of the New World Order in September 1989, expired, Iraq was subjected to harsh economic sanctions that were mitigated only by the “oil for food program.” The United States then had a policy of pre-(es. below).
Successive conflicts in Chechnya and tension in Kurdistan, are partly in the context of the resumption of the Great Game above concerning the transport of oil from the Caspian Sea. The Russian oil companies Lukoil and Rosneft have interests there, particularly in the transport of oil by pipeline.

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HONG KONG, Dec 29 (Reuters) – Hong Kong shares are expected to rise on Monday, with the resources counters chance at a boost from higher oil prices and a rally in other commodity prices, but volumes are likely to stay slim at the beginning of a truncated trading week. via Yahoo! Finance
Weekly Oil Inventories reports changes in crude, distillate and gasoline stocks in America. Wednesday’s report will likely have a significant impact on the U.S. Dollar, then forex traders need to look at closely.
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BANGALORE, Dec 31 (Reuters) – Indian shares are expected to rise to the last day of 2008, the hope for an economic stimulus package and rate cuts. Mr. Higher global markets will also underpin sentiment. Shares in energy group Reliance Industries will be reviewed after Standard

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