The Michigan Daily - Monday, March 24, 2003 - 9A
Continued from Page 1A
But since the war started, oil
prices have plunged more than 30
percent - from nearly $38 on the
New York Mercantile Exchange on
March 12 to $26.91 on Friday -
due to the anticipation of a quick
victory over Iraq.
"The market is saying we believe that
once we're beyond this turmoil, this
means more oil - not less," Percy, for-
mer CEO of BP America, said.
When the current Iraqi regime is
defeated, Percy said, democracy will
be brought into the country and
Iraqi oil production will increase..
"Iraq could be potentially ... a
larger producer of oil than Saudi
Arabia," Percy added.
He said a short war with Iraq will
not only bring down oil prices, but
will benefit the economy as well.
"A lot of companies were not
investing because of the uncertain-
ty," Percy said.
"Once the uncertainty is
removed, then people have a clearer
view of what the picture looks like
and will cause them to have more
WF. W:m; C A A.ItM
Continued from Page 1A
have refused to recognize that the public
does not want to go to war.
As proof of America's dependency on
oil, Herard said, "We have already taken
action in securing the oil fields," in Iraq.
"Obviously a lot of people are dying
in Iraq. I don't feel our government has
the right to colonize another country,"
But Herard and other participants
agreed that oil dependency is not the
war's only cause.
"I think it is connected with oil," LSA
senior Ryan Bodanyi said, "But I feel
that primarily the war is extending
American power and supremacy
throughout the world,"
Bodanyi was also skeptical with
how the war was being carried out.
"Once this war is over, it will be
interesting to see whether or not if
weapons of mass destruction are
found. If not, I think we should
demand an explanation."
Although the war was an issue on
everyone's mind, Critical Mass
remained an effort by students to pro-
mote bicycle awareness. Rackham
student Gary Brochard came to the
event and said, "Bicycling is cheap
and inexpensive, (it) doesn't pollute
and makes less noise than cars."
Because most motorists are not
accustomed to riding with bicyclists
he said the event promotes cyclists'
It also shows that, "for city envi-
ronments like Ann Arbor, it's a
great form of transportation,"
Rackham student Dan Shoup said, "I
think bicyclists need to assert their
rights,"referring to one of their slogans,
"We are not blocking traffic - we are
Despite resistance, US. still optr itic
Continued from Page 1A
U.S. and British officials said some
of the stiffest resistance was coming
from paramilitary forces known as the
Fedayeen Saddam and from Saddam
Hussein's personal security forces.
"These are men who know that they
will have no role in the building of a new
Iraq and they have no future," said Peter
Wall, chief of staff to the British military
contingent in the U.S.-led coalition.
President Bush kept his eye on the
big prize - the removal of Saddam's
government and Iraq's eventual disar-
"I know that Saddam Hussein is los-
ing control of his country," Bush said
upon his return from the Camp David
retreat in Maryland. "We are slowly
but surely achieving our objective." He
demanded that U.S. prisoners of war
be treated humanely.
At a subdued Academy Awards
show in Los Angeles, filmmaker
Michael Moore used his Oscar accept-
ance speech to protest the war and
declare, "Shame on you, Mr. Bush."
He drew a mix of boos and applause
from the crowd.
With allies closing in, Iraqi leaders
appealed for a united Arab front to
condemn the invasion but knew they
wouldn't get it. "There is no hope in
these rulers," Iraqi Vice President Taha
Yassin Ramadan said.
But Russia and Chinese foreign
ministers reasserted their view that the
invasion has no legal basis and asked
for an immediate halt.
The State Department, for its
part, protested that Russian compa-
nies sold sensitive military equip-
ment to Iraq in the run-up to the
war, maintaining some of the equip-
ment could pose a direct threat to
A British warplane was shot
down in a friendly fire attack by
U.S. Patriot missiles, killing its
crew of two, and a grenade attack in
an Army base in Kuwait left a cap-
tain dead and a U.S. soldier as the
suspect. In addition, two British
soldiers were missing after coming
under attack in southern Iraq,
British defense officials said today.
In the most notable gain for the coali-
tion, soldiers of the 3rd Infantry Divi-
sion's 2nd Brigade moved 230 miles in
40 hours, killing scores of Iraqi militia-
men who engaged them with machine
guns, to take positions less than a day's
journey from Baghdad.
The brigade raced day and night
across rugged desert in more than
70 tanks and 60 Bradley fighting
vehicles. No American injuries
were reported in that battle.
Iraqi Defense Minister Lt. Gen. Sul-
tan Hashim Ahmed expressed confi-
dence his troops can hold the capital.
"If they want to take Baghdad they
will have to pay a heavy price," he said.
Several other allied units engaged
in intensive gunbattles yesterday. In
southern Iraq, a soldier from the
3rd Infantry Division died in a
Efforts intensified to assemble
forces in northern Iraq, where air
strikes have gone after radicals linked
to the al-Qaida terrorist network but
prospects for ground assaults have
been limited because neighboring
Turkey balked on becoming a staging
A U.S. official said two Tomahawk
cruise missiles malfunctioned yester-
day and landed in Turkey. The missiles
landed in unpopulated areas and no
injuries were reported.
Continued from Page IA
Holbrooke, who served as the
U.S. ambassador to the U.N. from
1999-2001, said the organization
should adopt various reforms to
improve its efficiency.
Furthermore, he said that it
would be a terrible mistake if the
United States withdraws from the
U.N. because it is "indispensable to
Students welcomed the opportunity
to have such a high-ranking govern-
ment official speak at the University.
"The talk was really informative
and he addressed the issues students
should know," LSA junior Robert
the michigan daily
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