also, if any of the farmers know, when will we be able to produce 20M barrels worth of "oil" per day, from the farm stuffs...
Posted on 03/02/2007 3:40:39 AM PST by Flavius
y 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 Dick Cheney, then Halliburton chief executive officer, London, autumn 1999
US President George W Bush and Vice President Dick Cheney might as well declare the Iraq war over and out. As far as they - and the humongous energy interests they defend - are concerned,
THE ROVING EYE US's Iraq oil grab is a done deal By Pepe Escobar
"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 Dick Cheney, then Halliburton chief executive officer, London, autumn 1999
US President George W Bush and Vice President Dick Cheney might as well declare the Iraq war over and out. As far as they - and the humongous energy interests they defend - are concerned,
(Excerpt) Read more at atimes.com ...
also, if any of the farmers know, when will we be able to produce 20M barrels worth of "oil" per day, from the farm stuffs...
Sounds good to me!!
BINGO!
The left hates when oil prices go up--Bush hurting the little guy!
They hate when oil prices go down--Iraq is all about oil!
Sounds like a good thing to me.
It's our oil anyhow, we ought to just take it.
Another delusional moonbat article. If we wanted Iraq's oil, we would have left Saddam in power and got it cheap.
As far as "growing" 50 million barrels of oil, dream on. the tiny little bit of ethanol production we are doing is already driving up commodity prices, making - you guessed it- leftist moonbats whine about rising food prices. Imagine if the demand for ethanol and bio diesel was at a level that actually reduced oil imports, what corn, wheat, soy, barley, sugar beet commodity prices would be.
'Bout time too!
Trying to economically make fuel ethanol out of food stocks is not consistant. On the other hand, ethanol and methanol can be fermented out of just about any organic substance: garbage, sawdust, scrap paper, and so on.
My car is already set up to use a 15% Methanol/gasoline mix; but I can't find Methyfuel anywhere in my area.
VietVet
I'm sick of these bogus "blood for oil" stories. If this no-name reporter has the goods (IOW, real facts) he should cough them up. Otherwise, he can buy our gas for us for claiming this fabrication.
Ask any NASCAR crew chief- methanol is a very high octane fuel. Methanol can be produced for less than a dollar a gallon from coal. Methanol plants have been shuting down for lack of demand. Source - the coal industry.
"Iraq Oil Grab a Done Deal"
Sounds like we're making progress with this 'surge'!!!!
The only question now is do we turn towards the east or the south. My vote is for the south, but we'll end up going east.
I saw where Soros purchased millions in Halliburton stock. Maybe they should bring him up instead of the vice president.
Kick their ass and take their gas!!!! That's a plan. Yehaaaawww
If the ware were really for oil, we'd have just invaded ANWR and started drilling.
My ultra-lib sister hates it when I tell her that.
Doubly ridiculous is that the writer is either ignorant of or lying about the oil deals that other governments and companies have not just in Iraq but throughout the world.
Right next door in Iran, China's Sinopec has a $70 billion, 51 percent development deal for the Yadavaran oil field. India's ONGC Videsh Ltd has a 20 percent share of it, for $40 billion, and has a 100 percent stake in the Jeyfr oil field. Iran's government owns 29 percent of Yadavaran. Royal Dutch Shell is supposed to be working with Iran to develop their portion of the field.
It's not like the U.S. is the only country getting oil out of the Middle East: Japan, S Korea, and Taiwan get 75 percent there; China, about 20 percent, and India more than 50 percent.
All of these countries and their associated petro companies have deals all over the world, with China being much more aggressive in recent years.
The writer has been driven insane or maybe just retarded by BDS.
Yep.
The fabrication is necessary because the new law could possibly result in the unification of Iraqis against the insurgency. The law is loosely patterned on the revenue sharing in Alaska, and can have a tremendous effect on easing sectarian tensions in Iraq. The left cannot allow this war to become a success for Bush, thus the revisionist commentary. US oil interests are having to bid for everything they get in Iraq, and they will win some bids, just as they do in every other Mid-East country.
The US does not have to OWN or CONTROL Iraqi oil in order for our economy to benefit in spades. Iraq possesses 5% of the world's reserves, plus one trillion cubic feet of natural gas, without any exploration in the last 25 years. Their extraction tech has been running at approximately 30% efficiency, which means that without further discoveries, and with the on-going upgrade in extraction tech, Iraqi oil alone could bust OPEC. The revenue sharing will mean that any leader's political survival will necessitate not listening to OPEC calls for production cut-backs, it would be political suicide; no other OPEC member will have this built-in imperative to pump oil.
Interesting comment. I didn't give the article enough thought to consider any of that. Thanks for sharing.
Biggest collection of perverted, distorted BS logic I have ever seen. If his article was spandex it would split the seems of rationality!
My favorite part of this article is the 'raping and pillaging' of the profits from the oil fields -- without any mention of the capital investment needed, or even how much of the price of a barrel will go to the Iraqis vs. the oil developer.
He does manage to slide in the $1US cost of extraction and teh $60US current market price, but no mention of what percentage of the $59US goes to the Iraqi people. For the war to have been about oil, the US would have to get 100% of the profits for every Iraqi barrel for the next 20 years.
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