Monday, November 12, 2007

happy veterans day

--Nov. 11, 2002-- KHAWR AL AMAYA OIL TERMINAL, Iraq -- The U.S. Navy is building a military installation atop this petroleum-export platform as the U.S. establishes a more lasting military mission in the oil-rich north Persian Gulf. … the new construction suggests that one footprint of U.S. military power in Iraq isn't shrinking anytime soon: American officials are girding for an open-ended commitment to protect the country's oil industry. … That is a sea change for the U.S., which has patrolled these waters for decades. In the past, American warships and their allies flexed the West's military might in the Persian Gulf to demonstrate a broad commitment to protect the region, which produces almost a third of the world's oil. …N ow, amid rising prices -- oil futures finished Friday at $96.32 a barrel on the New York Mercantile Exchange, up 86 cents -- and new vulnerabilities in the world's stretched oil-supply chain -- from militants in Nigeria to occasional Iranian threats to disrupt Persian Gulf shipping -- the Navy finds itself with an additional, much more specific role: playing security guard to Iraq's offshore oil infrastructure—WSJ A2

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