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Profile: Research Unit for Political Economy
“… complete US control of oil would preserve the rule of the dollar (not only would oil producers continue to use the dollar for their international trade, but the dollar’s international standing would rise) and hurt the credibility of the euro. In the 1990s the major OPEC countries, after two decades of discouraging or prohibiting foreign investment in oil and gas fields, raced to invite foreign investment again to carry out massive new developments. In the late 1990s Venezuela, Iran, and Iraq struck massive deals with foreign firms for major fields. Even Saudi Arabia invited proposals for development of its untapped natural gas reserves, a move that oil giants responded to with alacrity in the hope the country’s mammoth oil fields too would later be opened to foreign investment. However, American firms were shut out of Iran and Iraq by their own government’s sanctions; French, Russian and Chinese firms got the contracts instead. Chavez’s increasing assertiveness threatens to shut American firms out of Venezuela as well. The Saudi deal—which the American firms were to lead—stands cancelled, apparently because of the Saudi government’s fear of public resentment. Thus, if it does not invade the west Asian region, the US stands to lose dollar hegemony by losing control of the major oil field development projects in the next decade.”
[Research Unit for Political Economy, 11/2002]
Research Unit for Political Economy was a participant or observer in the following events:
The National Review publishes an op-ed piece by Lawrence Kudlow, titled, “Taking back the market… by force,” in which he claims, “The shock therapy of decisive war will elevate the stock market by a couple thousand points.” Kudlow is the CEO of Kudlow & Co. [National Review, 6/26/2002]
The Research Unit for Political Economy (RUPE) publishes a special issue in their journal, Aspects of India’s Economy, analyzing the true motives behind the United States’ plan to invade Iraq. The purpose for this special publication, according to RUPE, is that India (like Pakistan) has been placed within the US geostrategic agenda for the Asian region. This has been done, among other things, by declaring India to be an important military ally, and by working for a US-India political/military axis against China. RUPE argues that this will heighten the military tension in a region occupied by nuclear powers. Therefore it is necessary to understand the true motives behind the US geopolitical agenda, exemplified in the current move against Iraq, before uncritically exposing one’s country to such risks. The report concludes that protecting the security of the US dollar is a primary motive behind the US’s planned invasion of Iraq. [Research Unit for Political Economy, 11/2002]
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