U.S. Companies Shut Out as Iraq Auctions Its Oil Fields - TIME
By Vivienne Walt Saturday, Dec. 19, 2009
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."
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.Invading Iraq and facilitating a more compliant government still frees up the oil more efficiently for the open market, which in turn affects global prices. It doesn't so much matter who is in control of the infrastructure, the Iraqi government, which is now compliant with the West, will have control over it. It will put pressure on OPEC to liberalize supply once the drills get going.
And if you think there aren't American shareholders in Russian and Chinese oil companies, you need to recheck your facts. The money trail still leads back to the financial elites, which is who the war was ultimately for.
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.
Well, there's that...
Can't admit you were wrong, can you? Too much pride. The war for oil, what a lie, PERPETRATED BY THE LEFT FOR 8 YEARS.
Not exactly a shocker provided that the Iraqi Government was free to do what it wanted. It would always have been non US/UK companies that would have won those contracts in a situation where it was the Iraqies and not the American's who was holding the auction. Why? Because there are far older and better traditional contacts between Iraq and those countries than there ever has been with the US and people tend to stick with what they know. I would also wager when it comes to buying weapons it again will be Russia, China and France who will get most of the contracts.
Clearly you missed the discussion revolving around Wolfowitz regarding invading Iraq as a tool to break OPEC which is extremely related to Orius's post. Granted, I probably would have supported the war if they just said that from the get go.
Furthermore, if Iraq didn't have oil and wasn't situated in a oil region we wouldn't give a ****.
One has to bathe in the kool-aid regularly to think we would have invaded Iraq if it had no impact upon oil.
U.S. Adviser Says Iraq May Break With OPEC; Carroll Hints Nation Could Void Contracts - The Washington Post | Encyclopedia.com
If you took the country with the 2nd largest proven reserves, got its production up to max and sold outside of the cartel, what effect would have that have on oil prices? :2wave:
Bottom line was/is the war was never about oil.
The iraqi government never was/is a puppet regime of the US.
The Iraqi's are still pissed at us for invading their countries
Well you know Pete, right? :roll:****, we invaded TWO Iraqs?!?!
If that's true, would you enlighten me as to why we are in Afghanistan?....
They have nothing but rocks, rags & camels....
If that's true, would you enlighten me as to why we are in Afghanistan?....
Sure it was. All wars are for resources. The only reason for going to Iraq was because of the oil beneath its soil. If Iraq had no oil, then the US would never have bothered with it.
Oil was a factor, but it certainly wasn't the sole factor, as some like to claim.
Of course oil wasn't the sole factor, but to ignore oil is insane.
Agreed. I'm just wondering what the resident uber-leftists think about this.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?