By 2010 we will need [a further] 50 million barrels a day. The Middle East, with two-thirds of the oil and the lowest cost, is still where the prize lies." - US Vice President **** Cheney, then Halliburton chief executive officer, London, autumn 1999
US President George W Bush and Vice President **** Cheney might as well declare the Iraq war over and out. As far as they - and the humongous energy interests they defend - are concerned,
Big Oil is obviously ecstatic - not only ExxonMobil, but also ConocoPhillips, Chevron, BP and Shell (which have collected invaluable info on two of Iraq's biggest oilfields), TotalFinaElf, Lukoil from Russia and the Chinese majors. Iraq has as many as 70 undeveloped fields - "small" ones hold a minimum of a billion barrels. As desert western Iraq has not even been exploited, reserves may reach 300 billion barrels - way more than Saudi Arabia. Gargantuan profits under the PSA arrangement are in a class by themselves. Iraqi oil costs only US$1 a barrel to extract. With a barrel worth $60 and up, happy days are here again.
Okay so the people who buy the most oil are interested in buying Iraq's oil. Where's the news in that? (Although it does make you wonder what Russia's interest is as I thought they were a net exporter.)
so what? what are you going to provide for the country? people make this big deal about oil, but they forget that it is a VERY important resource for our country. it appears that you are trying to make the argument that the war is all about oil and i ask "so f**king what!?".
tell me, what do you and others that share this viewpoint provide for the country (or another country that you may be from)? it is easy for someone that is only a student, professor, mechanic, janitor, or shoe salesman to talk crap about those that run s**t, but what the hell do you actually bring to the table when it concerns helping the country? how many jobs do you provide for those in america? how much oil do you bring into our country to get us from A to B? what is it that you provide the country in order for us to truly listen to what you're trying to say?
What a bunch of horsesh!t. Big surprise that after the Sunnis were toppled from power and decades of exploiting the Kurds and Shiites, the Kurds and Shiites end up with a favorable position in the post-Saddam oil market. And the sharing of the oil revenues is divided amongst the three groups because the Iraqis would not have it any other way.
Furthermore, not once does the article provide any information regarding what share of oil revenues will go to Iraq, nor does it explain how the oil fields would be developed to the benefit of Iraq without the help of outside firms.