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Iraq also accused Kuwait of exceeding its OPEC quotas for oil production. In order for the cartel to maintain its desired price of $18 per barrel, discipline was required. The United Arab Emirates and Kuwait were consistently overproducing; the latter at least in part to repair losses caused by Iranian attacks in the Iran–Iraq War and to pay for the losses of an economic scandal. The result was a slump in the oil price – as low as $10 per barrel ($63/m3) – with a resulting loss of $7 billion a year to Iraq, equal to its 1989 balance of payments deficit. Resulting revenues struggled to support the government's basic costs, let alone repair Iraq's damaged infrastructure. Jordan and Iraq both looked for more discipline, with little success. The Iraqi government described it as a form of economic warfare, which it claimed was aggravated by Kuwait slant-drilling across the border into Iraq's Rumaila oil field. At the same time, Saddam looked for closer ties with those Arab states that had supported Iraq in the war. This move was supported by the US, who believed that Iraqi ties with pro-Western Gulf states would help bring and maintain Iraq inside the US' sphere of influence.

The Gulf War
The Gulf War
Amazon.com: Persian Gulf War (America at War (Facts on ...
Amazon.com: Persian Gulf War (America at War (Facts on ...
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Persian Gulf War | Definition, Summary, History, Dates ...
Persian Gulf War | Definition, Summary, History, Dates ...
Persian Gulf War | Definition, Summary, History, Dates ...
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The Persian Gulf War: 20 Facts You Should Know - Citizen ...
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What Happened in the Persian Gulf War? | History - YouTube
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10 Interesting the Persian Gulf War Facts | My Interesting ...
10 Interesting the Persian Gulf War Facts - My Interesting ...
10 Interesting the Persian Gulf War Facts - My Interesting ...
International Events: 1980s timeline | Timetoast timelines
International Events: 1980s timeline | Timetoast timelines
Persian Gulf War Encyclopedia: A Political, Social, and ...
Persian Gulf War Encyclopedia: A Political, Social, and ...
The Persian Gulf War | Iraq war, Iraqi army, American war
The Persian Gulf War | Iraq war, Iraqi army, American war
The Persian Gulf War and the War in Iraq The United States ...
The Persian Gulf War and the War in Iraq The United States ...
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Persian Gulf War | Definition, Combatants, & Facts ...
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10 Interesting the Persian Gulf War Facts - My Interesting ...
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1990-2010 timeline | Timetoast timelines
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Ten Facts About the Gulf War: History of the Conflict
#182 The Persian Gulf War, 1991 – KAPPA MAP GROUP
#182 The Persian Gulf War, 1991 – KAPPA MAP GROUP
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Topic 16 - Mrs. Brooks
trench warfare | Definition, History, & Facts | Britannica
trench warfare | Definition, History, & Facts | Britannica
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10 Interesting the Persian Gulf War Facts | My Interesting ...
Persian Gulf War - HISTORY
Persian Gulf War - HISTORY
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The Persian Gulf War [1027x843] : MapPorn
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This day in History: Persian Gulf War Begins
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Post Civil War History of US Business timeline | Timetoast ...
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Encyclopedia of The Persian Gulf War by Mark Grossman ...
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PERSIAN GULF WAR ENCYCLOPEDIA Political, Social and ...
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Desert Storm--the First Persian Gulf War in American ...
The First Gulf War: The War to Free Kuwait | NC Museum of ...
The First Gulf War: The War to Free Kuwait | NC Museum of ...
The Persian Gulf War : Josh Gregory : 9780531265635
The Persian Gulf War : Josh Gregory : 9780531265635
A to Z of the Persian Gulf War 1990-1991 - Walmart.com
A to Z of the Persian Gulf War 1990-1991 - Walmart.com

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