Posted on 12/19/2009 1:29:08 PM PST by UAConservative
Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."
With U.S. military helicopters hovering overhead to help ward off a possible insurgent attack, Oil Minister Hussein Al-Shahrastani unsealed envelopes from each company, stating how much oil it would produce, and what it was willing to accept in payment from Iraq's government.
Continued...
Russia's Lukoil, CNPC, and RoyalDutchShell accepted fees of between $1.15 and $1.40 for every barrel they produce — that's about 2% of Friday's oil futures price of $73 a barrel. "No one thinks it will be easy to make money on these contracts," says Samuel Ciszuk, Middle East energy analyst at IHS Global Insight, an economic forecasting company in London. "Companies have been willing to come in very, very low just to get their foot in the door in Iraq."
(Excerpt) Read more at time.com ...
Russia and China can now send troops to ‘occupy’ their oil fields.
Just heard Iran is claiming one near the border. That region has been in dispute for decades. Iraq want the US to step in and protect them/oil field.
We’ll see if they (Iraq) can step up to the plate.
Hopefully this will shut up the crazy libs....... PLEASE MAKE IT SO!!!!!!! I agree it won’t.
>Iraq want the US to step in and protect them/oil field.
Enough. They’re like the clingy girlfriend: you now hate me but you want me to stay. Just arm them so American soldiers can come home.
maybe there is a valuable lesson here....
We can basically blame the left for this. Bush could have demanded that Iraq pay for all that expensive infrastructure with their oil revenues. But then the left would have come down on him like a ton of bricks.
If this writer thinks this will embarrass the left for even a nanosecond, then she’s smoking something. “No blood for oil” worked nicely as a propaganda play. Now it’s use is past, and they’ve moved on to other things, like “free health care for illegals,” or “Climate change is an established fact.”
Will climate change prove to be false, too? Who cares, after they’ve pushed cap & trade through, closed all the coal mines, blocked nuclear power, doubled our heating costs, and left us all freezing in the dark?
How much oil did we steal? How much more profits did the Big 6 oil companies make with Iraqi oil off the market? The military-industrial complex did not care about the oil, only about the budget. And the owners of the Federal Reserve love that growing debt. The financial oligarchy benefited from the illegal war and America suffers because of the biggest failure of diplomacy ever in pursuit of the biggest foreign policy blunder ever, although Obomem is up there with Afghanistan and Pakistan.
Just why all of a sudden is war not a racket?
War is a Racket by Smedley Butler
http://www.youtube.com/watch?v=F3_EXqJ8f-0
http://www.infowars.com/smedley-butler-war-is-a-racket/
How much oil did we steal? How much more profits did the Big 6 oil companies make with Iraqi oil off the market? The military-industrial complex did not care about the oil, only about the budget. And the owners of the Federal Reserve love that growing debt. The financial oligarchy benefited from the illegal war and America suffers because of the biggest failure of diplomacy ever in pursuit of the biggest foreign policy blunder ever, although Obomem is up there with Afghanistan and Pakistan.
Just why all of a sudden is war not a racket?
War is a Racket by Smedley Butler
http://www.youtube.com/watch?v=F3_EXqJ8f-0
http://www.infowars.com/smedley-butler-war-is-a-racket/
How does this pay for the war?
Its just as well. Now, if Iraq were to auction fields of windmills and solar panels, we'd vie for drilling those.
Of course it won’t matter.
Yup, power of propaganda. This is one of the tools that powered BO to the big white house. Now we have the stupids dictating American policy based on falsehoods.
Worst part is the circus’ head office is controlled by a marxist muslim.
We are near the height of insanity and, unfortunately America will pay.
Pay big and in every way. Possibly pay till death.
US helicopters hovering above? What the hell? Do the Chinese and Russians have Obama’s birth certificate or other damaging material on him?
Who are “the big six” oil companies?
Sorry, that's not enough to claim "Bush could have..." That he didn't shows how weak a leader he was. If that's what he believed then he should have put it out there and let the left show their colors.
To this day I still say both Bush’s screwed up. Not a single American boot should ever have been on Afghan or Iraqi ground. That is until the glass cooled off, hardened and the radioactivity dissipated. No American should ever have died in those lands in combat to accomplish what we could have done with the push of a button. Had we used the nuclear option back then how brazen would Iran be now?
Furthermore, how brazen would China, North-Korea and Russia be now. Sometimes you have to let em know not to F#$% with the USA or you will get much worse than a bloody nose.
As a member of the VRWC, I'm afraid that I can't provide you with the answers to these questions due to a strict confedentiality pledge. But I do grant you permission to visit the DU and speculate with your friends there.
Why would a US company want to invest in oil when you will be taxed into oblivion by the Democrats?
drill baby drill, right here...and eff the rest of them.
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