The Gulf War of 1991 cost $40 billion to wage. However, the US and oil companies profited greatly from the war through increased oil prices. Higher oil prices generated an extra $60 billion in profits, with $30 billion going to oil companies and $30 billion to Arab governments. Most of the $30 billion in oil company profits went to American oil companies and the US government, totaling around $21 billion in profits for the US. Additionally, the $40 billion spent on the war went to the American war industry. So the US ended up profiting around $11 billion from increased oil prices and $49 billion from weapons sales, showing that the Gulf War was motivated by financial interests rather than humanitarian concerns.

1. What makes a war happen? Backstage of the American attack against Iraq in 1991 Part of the material for the course “ Models and Natural Resources Management 1”, Milan Technical University . www.funnybytes.net

6. Who owns the oil companies? In the Middle East, the extraction and trading of oil is in the hands of the 7 Sister (Shell, Tamoil, Esso…), all of which are American, and 5 are state owned. 30 billion $ Approx. 21 billion $ to the American State Approx. 9 billion $ to the American private sector www.funnybytes.net

7. Let’s make some calculations … Profit $ 9 billion Now all is clear … USA have made a profit of 20 $ billion from the war ! It had nothing to do with “Free Kuwait” … they were only after the “cheese” ! Profit 11 $ billion www.funnybytes.net 21 $ billion 10$ billion USA GOVERNMENT 9 $ billion 30 $ billion Profit from the increase in the oil prices 0 USA Private Sector 0 30$ billion Arab Nations Profit or loss Expenses of war

15. Last thoughts On top of this, in the last 3 years , a social revolution has taken place in Venezuela, due to the terrible living conditions. Venezuela is the greatest oil supplier for the USA. The Bush administration had to find an alternative to Saudi Arabia and Venezuela. www.funnybytes.net

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