The Real Reason Why Bush Went To War In Iraq

According to a new Swedish study, world oil and gas supplies are heading for a "production crunch" sometime between 2010 and 2020. This is the point when supply will no longer be able to meet demand. The study claims that global reserves are 80 per cent smaller than had previously been thought.

Dr James McKenzie, senior assistant on the climate change programme at the World Resources Institute in Washington, said: "We won't run out of oil - but what will happen is that production will decline, and that's when all hell will break loose... That's why we went to war in Iraq."

The Gulf countries, including Iraq, only produce about 25 per cent of the world's oil at the moment, but they hold 65 per cent of the world's oil reserves.