Foreign Oil And The Global Scramble To Secure Energy

In 1990, when I was on the floor of the New York Mercantile Exchange, Saddam Hussein sent his 300,000 man army across an invisible surveyor’s line to annex his oil-rich neighbor, Kuwait.

The thought of Saddam Hussein controlling Kuwait’s oil wells was unacceptable. So, President George H. W. Bush cobbled together an international coalition of military power not seen since Vietnam to expel the invaders. Within six months, the decimated Iraqi army was hightailing it out of Kuwait, leaving behind some 35,000 dead soldiers baking in the desert sun.