With the news out today - I can just imagine all the phone calls and upset PTB in the U.S.
The Billions and Billions spent - besides (which is what matters to us)- the LIVES LOST by our military personnel - how the country of Iraq has been decimated and the U.S. economy has been decimated due to the War in Iraq. It seems it was ALL FOR NAUGHT!
The U.S. DID NOT ACCOMPLISH what they set out to do and the REASON for going to war in Iraq - To GAIN CONTROL OF THE OIL!
It has fallen apart - the whole game and scheme the U.S. had, I am sure they thought they had the right to the oil and there would never be a doubt about U.S. companies gaining control.
Well, they were WRONG - the Iraqi government signed a contract and gave the rights to the oil, to a Chinese company - CNPC and the British company BP!
http://english.aljazeera.net/business/2009/10/2009108195159366645.html
Iraqi officials have signed a deal with Britain's BP and China's CNPC to develop its Rumaila oilfield, a milestone in Iraq's efforts to renew its oil sector.Officials from Iraq's state-owned South Oil Company and the two oil companies agreed the deal on Thursday, Assem Jihad, an oil ministry spokesman, said. Final approval is still needed from the government.
"The contract will be sent to the cabinet for approval, then a final date will be chosen to sign the contract during an official ceremony," Jihad said on Thursday.
Another article about it:
http://english.aljazeera.net/news/middleeast/2009/06/2009630142632943969.html
A consortium of British giant BP PLC and China's CNPC was the only successful bidder.
Its offers for the Rumaila oil field, which holds 17.8bn barrels in crude reserves, beat off competition from US giant Exxon Mobil and Malaysia's Petronas.
The Exxon Mobil-led consortium requested $4.8 per barrel for production over the minimum and BP wanted $3.99 per barrel, al-Shahristani said.
The ministry was willing to pay $2 per barrel.
BP agreed to match the ministry's price and won the contract, with Exxon Mobil refusing to revise its bid.
Now - how Ironic would it be that the oil will not end up trading in U.S. dollars but in other currencies - which is the REASON why we went into Iraq. Saddam was going to drop the dollar and sell oil in Euros!!
With this information coming out now.
I have a few thoughts and questions.
Will the violence in Iraq, all of a sudden become worst now?
Will oil fields once again start being destroyed?
Will China now insert some military forces there, to protect their rights?
Will some of the government people in Iraq all of a sudden start being taken out and assassinated?
In other words will those PTB in the U.S. be SO Pissed Off - they will take vengeance out on Iraq?
I am sure that the Bushs, Cheneys, Exxons, Chevron, Shell etc of the world felt it was their right to the oil of Iraq.
If you start hearing of more violence in Iraq - think about who the oil rights were given to, before you think it is some random events, including fires starting again on the oil fields.
the reason we went to war was to force Iraq to take dollars for oil not for control of oil fields. also to keep the rest of gulf countries doing buisness in us dollars. so far its worked, but not for much longer. the war keep the us dollar as the world reserve curency for over eight years. get your facts stright.
ReplyDeleteoops (straight)
ReplyDeleteActually you are wrong cj428 - To stop Saddam from selling oil in dollars but also to control the Oil - that was a huge part of it.
ReplyDeleteSorry, you really need to study the reasons why and the history, so it is really the other way around in getting the facts straight.
Thanks for your comment, anyway.
http://www.uruknet.info/?p=19270
ReplyDeletehttp://www.negotiationtraining.com.au/articles/bush-black-gold/
http://www.negotiationtraining.com.au/articles/bush-black-gold/
http://mathaba.net/0_index.shtml?x=496587
http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html
http://www.energybulletin.net/node/7707
There are hundreds of stories that predate the invasion About saddams refusal to negotiate on issue Euro vs dollar
Repeating something someone else said doesnt make it true. I said the reason for the invasion was to force Iraq to take us dollars for oil. Also to keep dollar as world reserve curency, and to keep oil sales in dollars thus forcing world to take dollars for exports so they could buy oil. the only conculsion A reasonable person can conclude is the current wars are to prop-up dollar. If the people that run the goverment in washington did not want china coming into iraq they would not. us navy controls enterence to gulf and it would take all the navies of the rest of the world to move them. You are the one that needs to get all the facts and not just the ones that support A position you want to take.
cj - I don't think you read my post correctly - I did put in there the reason was Saddam was going to sell oil in Euros. I did not go into a whole explaination about that, because people already know the facts (most do). All you said above is correct and I have not argued those points. But what you had commented in the beginning was, control of the oil was not a factor. Of that point you are Totally Wrong! Controlling the oil was a Big Factor and it was expected to happen. Now, I am pretty sure the big oil companies here are outraged! I love that fact!
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