Care to address any of the inherent flaws I pointed out or just url me to what you think will? It will be Iraqis who decide what will be of their oil. Please for all of our sakes learn about what is going on now instead of digging up accusations from 4 months ago.sergeriver wrote:
Iraq's massive oil reserves may be thrown open for large-scale exploitation by Western oil companies - which could end up grabbing up to 75% of the beleagured nation's oil profits - under a law seen coming before the Iraqi parliament within days, the Independent reported on its Web site Monday. A draft of this controversial law, which the U.S. government has been helping to craft and has been seen by the Independent, would give oil giants such as BP PLC (BP), Royal Dutch Shell PLC (RDSA) and ExxonMobil Corp. (XOM) 30-year contracts to extract Iraqi crude and let these foreign oil companies undertake their first large-scale operations in the country since the industry was nationalized.Kmarion wrote:
And you think this is because the Iraq war...lol funny stuff. If you hadn't noticed Iraq's oil production is down considering where it was pre-war. You should probably know that American oil companies such as those you listed make most of their money off the refining process. A big gaping hole in your logic. Insert some common sense rather than the weak generalization that since there is oil in Iraq and oil companies are profitable "that must be the reason we invaded". How is getting less oil in an unsecured area controlled ENTIRELY by Sunnis and Kurds increasing their profit? Let that one sink in for a minute. Profits will be whatever they want irregardless. The oil execs don't have shit on what the Kings of the Oil Kingdom can do when they decide they want to turn the supply off. When supply is cut by the real people who have some control "OPEC" guess what, the cost is passed immediately to the consumer (and vice versa). You owe it to your fellow Bush haters to at least put forth a more plausible explanation for the motivation. There are plenty of other reasonable choices that allow you to use greed and power as your platform.sergeriver wrote:
Do you really think they went there to lower the price of oil for you, lol? They went there to increase their profits.
When the nation's three biggest oil companies - Exxon Mobil (Charts, Fortune 500), Chevron (Charts, Fortune 500) and ConocoPhillips (Charts, Fortune 500) - report results later this week, the numbers could again be staggering. In 2006, the three companies earned nearly as much as the other seven companies in the top 10 on the Fortune 500. And with consumers forking over $3 a gallon or more for gas in many parts of the country, the public outcry over the profits could be loud.
http://www.cfr.org/publication/13298/
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