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The Iraq Oil War
Hi Max - Answer: Production sharing agreements are very unconventional in Iraq and other Persian Gulf states. Five percent of the oil producing countries enter production sharing agreements providing that one or both of the following conditions exist: One, when there is uncertainty regarding the oil reserve which obviously does not apply to Iraq since Iraq has the world second largest oil reserves. Two, when the extraction of oil is very costly, which also does not apply to Iraq, since the extraction of each barrel of Iraqi oil costs between half a dollar and one dollar compared to the cost of 40 dollars in other countries. THE WHOLE POINT, AND THE ONLY POINT IS THAT THE AMERICAN PEOPLE HAVE BEEN DUPED RIGHT FROM THE VERY BEGINNING... AND AMERICAN BLOOD HAS BEEN SHED FOR THE BIG OIL COMPANIES AND NOTHING ELSE. iT IS AN OUTRAGE BEYOND OUTRAGE... BUT YOU WILL NEVER HEAR ONE WORD ABOUT THIS ON YOUR PRECIOUS BRAIN WASHING CONSERVATIVE TALK RADIO SHOWS. I AM SORRY MAX, BUT YOU CONTINUED CLOSED MINDEDESS HAS BEEN A CONTINUED SOURCE OF FRUSTRATION FOR ME. YOU ARE AN EXTREMELY INTELLIGENT PERSON... BUT I HAVE A STATEMENT THAT I CALL "INTELLIGENT IGNORANCE" BECAUSE WHEN AN INTELLIGENT PERSON IS CLOSED MINDED OR HAS A BIAS... THEY ARE AS IGNORANT AS THE MOST PATHETIC IMBICILE So there is no need for Iraqis to share their oil with foreign companies. Therefore, the current production sharing agreement privatizes the Iraqi oil industries and gives an unlimited share of it to foreign oil companies. War, War, War Title: US pushing for Iraq draft oil law US pushing for Iraq draft oil law Fri, 27 Jul 2007 00:27:38 Interview with Raed Jarrar, an Iraqi consultant to the American Friends Service committee, about the oil draft law currently being discussed in the Iraqi parliament. Question: Can you tell us the latest developments regarding the draft bill the Iraqi parliament is currently discussing? Answer: The Bush administration is still trying to pressure the Iraqi government into passing the oil law. They claim this oil law will guarantee an equal distribution of oil revenues for Iraqis. But the Iraqi parliament is still resisting the oil law because on the one hand they have realized that this law doesn't have anything to do with revenue sharing. There is a separate law for revenue sharing and it is called the revenue sharing law. On the other hand they see this oil law as a disaster for the future of Iraq because it gives away the country's oil to foreign companies and it decentralizes the decision-making process for contract signing inside in a way that threatens Iraq's unity. Question: What about the share of oil revenues which is going to be distributed between various Iraqi ethnic groups? What does the new law say about that? Answer: The oil law doesn't have anything to do with the revenue sharing. The revenue sharing law is a very simple straightforward, five pages of law with I think twelve articles on the manner of the distributing oil and other revenues like taxation and export among Iraqi people. That law hasn't passed the council of ministers yet and there is no pressure from the Bush administration or anyone regarding this particular law because I don't think the Bush administration is really concerned about Iraqis sharing their revenue. But over the past month they have been pushing for the oil law which has to do with the interests of multinational oil companies and the separatist Iraqi's agenda. Question: A main source of concern for many Iraqis is the fact that the new oil law is really based on the production sharing agreements or PSA. Can you tell us in detail what PSAs are and how much control they give to foreign oil companies? Answer: Production sharing agreements are very unconventional in Iraq and other Persian Gulf states. Five percent of the oil producing countries enter production sharing agreements providing that one or both of the following conditions exist: One, when there is uncertainty regarding the oil reserve which obviously does not apply to Iraq since Iraq has the world second largest oil reserves. Two, when the extraction of oil is very costly, which also does not apply to Iraq, since the extraction of each barrel of Iraqi oil costs between half a dollar and one dollar compared to the cost of 40 dollars in other countries. So there is no need for Iraqis to share their oil with foreign companies. Therefore, the current production sharing agreement privatizes the Iraqi oil industries and gives an unlimited share of it to foreign oil companies. According to this law, foreign oil companies can take up to 100 percent of Iraq's oil in some parts. There is not clear how many Iraqis, how many Iraqi companies or capital, must be involved (in any oil project and no minimum level has been set).
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-------------------------------------------------------------------------------- Any questions as to why they hate us, and want us the F outta there? Join the Ron Paul Revolution lodwick posted on 2007-07-26 17:42:46 ET Reply Trace Private Reply -------------------------------------------------------------------------------- So there is no need for Iraqis to share their oil with foreign companies. According to this law, foreign oil companies can take up to 100 percent of Iraq's oil in some parts. There is not clear how many Iraqis, how many Iraqi companies or capital, must be involved (in any oil project and no minimum level has been set). Well, getting the oil to the multinationals was kind of the whole point of invading the country. I don't know why the Iraqis are pissed or why we should care. After all, to the victor the spoils. "It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡ ghostdogtxn posted on 2007-07-26 17:48:05 ET Reply Trace Private Reply -------------------------------------------------------------------------------- They've got enough munitions buried in various depots all over the country to keep it too unstable for new exploration for at least another decade or so. The benefits of education and of useful knowledge, generally diffused through a community, are essential to the preservation of a free government. - Sam Houston Sam Houston posted on 2007-07-26 18:03:49 ET Reply Trace Private Reply -------------------------------------------------------------------------------- Maybe this is why so many of them don't agree they have "lost" yet. Or, if they have, they want to make sure no one else "wins." You mean they'd object to a lifetime of third world serfdom, religious defilement and oppression like that their brothers in Saudi Arabia endure? What a bunch of dreamers! "It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡ ghostdogtxn posted on 2007-07-26 18:08:07 ET Reply Trace Private Reply -------------------------------------------------------------------------------- Any questions as to why they hate us, and want us the F outta there? "The penalty good men pay for indifference to public affairs is to be ruled by evil men" Plato SentMail: Email 1 of 162 Move to Folder INBOX Draft Screened Mail SentMail Trash sent mail Back to Top | < Previous | Next > |