So who will own the oil wells of Iraq post-interim government in Iraq?

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Alistar7

Lifer
May 13, 2002
11,978
0
0
Originally posted by: etech
I thought moonbeam may have morphed into someome else.

no he has just left, I guess there is a position open in the Middle East for a new information minister, perfect job for him... ;)
 

arcitech2

Member
Apr 1, 2003
76
0
0
Originally posted by: etech
Originally posted by: arcitech2
Originally posted by: her209
So after using the oil sales to rebuild Iraq, who will own the rights to the oil wells?

The exact same companies that owned them before! Don't be fooled into thinking that the Iraqi's will get to OWN those wells.

I can agree with the first sentence. Iraq owned the oils wells before the war and will own them after.

As for the one being fooled I would say that you have been fooled or brainwashed. Time will tell. You and the "it's all about the oil" crowd of tin foil hats will be proven wrong.

It's not about oil, it's about sand! Who's going to own the sand with all that depleted uranium in it? The oil is just there to fund the sand conglomerates! Don't make fun of tinfoil hats, the aliens might hear you.
 

etech

Lifer
Oct 9, 1999
10,597
0
0
Originally posted by: arcitech2
Originally posted by: etech
Originally posted by: arcitech2
Originally posted by: her209
So after using the oil sales to rebuild Iraq, who will own the rights to the oil wells?

The exact same companies that owned them before! Don't be fooled into thinking that the Iraqi's will get to OWN those wells.

I can agree with the first sentence. Iraq owned the oils wells before the war and will own them after.

As for the one being fooled I would say that you have been fooled or brainwashed. Time will tell. You and the "it's all about the oil" crowd of tin foil hats will be proven wrong.

It's not about oil, it's about sand! Who's going to own the sand with all that depleted uranium in it? The oil is just there to fund the sand conglomerates! Don't make fun of tinfoil hats, the aliens might hear you.


You were correct arcitech2, this is worthless thread.
 

drewshin

Golden Member
Dec 14, 1999
1,464
0
0
isnt that exactly what the u.s. doesnt want? they dont want it to be owned by the iraqi government (nationalized), they want it to be free to whatever corporations decide to develop the oil fields, with some kind of profit-sharing scenario.

i think if our government nationalized our oil industry, prices would actually be higher because of the bureaucracy that would be involved in setting prices, quotas etc...
 

KenGr

Senior member
Aug 22, 2002
725
0
0
Interestingly enough, there is some indication that there is some innovative thinking going on in Iraq.

The plan seems to be to create multiple Iraqi government owned but not government run companies to operate the oil fields. This may limit the potential for corruption and inefficiency seen in most mid east countries relative to the oil business. The ownership of the oil will stay within Iraq just like all other oil producing nations. Anyone who doesn't believe that should go back to watching for black helicopters. With multiple companies under independent management, it should be a relatively level playing field for international companies looking for contracts, at least in the long term.

 

tcsenter

Lifer
Sep 7, 2001
18,933
566
126
So after using the oil sales to rebuild Iraq, who will own the rights to the oil wells?
I was kinda hoping I'd get a shot at it. I've been trying to catch Rummy so's we can make a deal but I just get some speil about 'stalking laws' and 'harassment' from the Pentagon switch board.
 

Skyclad1uhm1

Lifer
Aug 10, 2001
11,383
87
91
The new government of Iraq may own them, but coincidentally Bush wants the US to govern it the first while. So basically it will be the US owning the wells. Geez, what a coincidence there!
 

KickItTwice

Member
Apr 28, 2002
113
0
0
Iraq produces 2.1 million barrels of oil a day. At 35 dollars a barrel, that would be about 70 million dollars a day. If that money were distributed among the Iraqi population of 22 million, that would be over 3 dollars a day for every man, woman, and child. They could tax it and give 2 dollars a day and leave 26 million a day for the government to pay for schools, roads, public works, military and police, hospitals, ect.
If every Iraqi citizen got a monthly check for 90 dollars, they could spend their money and grow an economy.
People living in Alaska get paid oil money for being a resident, so why not Iraq.
 

DZip

Senior member
Apr 11, 2000
375
0
0
Please read your history books. After the US and UK have liberated other countries from oppressive fanatics like 1945 Japan and Germany, they set up a temporary government that allows for law and order while the people get their new government set up. Unlike the USSR that retained the countries they liberated (maybe conquered is a better term) and stole the resource to benefit themselves. Once the new government is established, the temporary government dissolves. All of the resources of that country are that country's so they can use the revenues to help rebuild.

It is amazing how many people are disappointed that the US will not claim the oil. Don't they know how much oil it takes to heat our 3000 sq ft homes, 4000 lb SUV's and 4 X 4's, pleasure boats, motor homes, and all the other essentials of the average American family. No matter how big we build them we still average 3.7 people per house and 1.2 people occupying each vehicle. Those that are concerned we will not have enough oil should consider our own resources in the ANWR.
 

SinfulWeeper

Diamond Member
Sep 2, 2000
4,567
11
81
If I were the ruler of Turkey, I would 'expand' the borders.
There are enough Kurds over there that they can probably do it with no bloodshed in a simple way of 'helping' the coalition give 'order' to some parts of Iraq.
At least that is what I would do...
 

rudder

Lifer
Nov 9, 2000
19,441
86
91
Originally posted by: SinfulWeeper
If I were the ruler of Turkey, I would 'expand' the borders.
There are enough Kurds over there that they can probably do it with no bloodshed in a simple way of 'helping' the coalition give 'order' to some parts of Iraq.
At least that is what I would do...


Yes, that wouldn't cause any more bloodshed for sure. You don't understand much about that region do you?
 

SinfulWeeper

Diamond Member
Sep 2, 2000
4,567
11
81
How would it not?
Do you think for a second that SK will invade NK or visa versa? They might be different countries but they are all closely related in blood lines.
Sure there would be some debate over it for a while, but as it stands Turkey already has a military big enough to take Iraq all by themselves before we moved in...
 

justint

Banned
Dec 6, 1999
1,429
0
0
Originally posted by: Alistar7
Make them a national company with all proceeds going directly to the Govt., maybe someone can have a prosperous society with world class schools, hopspitals, etc, WITHOUT having to pay taxes...

Until the oil runs out or the price goes down. That is not the recipe for a prosperous society. Look at Saudi Arabia or Kuwait. A bunch of esentially useless people who live on the government dole. No other industries besides oil, university graduates with no jobs other than with the government, etc. etc.
 

rudder

Lifer
Nov 9, 2000
19,441
86
91
Originally posted by: SinfulWeeper
How would it not?
Do you think for a second that SK will invade NK or visa versa? They might be different countries but they are all closely related.



because the kurds would fight to the death rather than have thier region in northern iraq be taken over by turkey.
 

swifty3

Banned
Nov 24, 2001
392
0
0
Originally posted by: Alistar7
Make them a national company with all proceeds going directly to the Govt., maybe someone can have a prosperous society with world class schools, hopspitals, etc, WITHOUT having to pay taxes...


Your very naive if you think that this will happen. The corruption that is currently underway in all other arab oil producing countries is rapidly corroding any semblance of a "prosperous society". To think that the HUGE windfall of money that will enter into Iraq will result in prosperity and peace rather than corruption and destabilization, is way to optimistic. It's simply not that simple of a scenario.

Besides, Saudi Arabia is essentially a welfare state, with the gov subsidizing everything under the sun. 90% of jobs in Saudi Arabia are worked by foreigners. They have also seen a dramatic decrease in the average annual income in the past 2 decades, not in small part due to the House of Saud (royal family) growing exponentially every year, somewhere around 10,000 people at this time. All of whom get monthly stipends from the gov, and get to fly anywhere, anytime for free on the Saudi Airlines. Any welfare state ends of being a total fvckin wreck. ex. former soviet union. i.e. communism.
 

swifty3

Banned
Nov 24, 2001
392
0
0
Originally posted by: etech
Originally posted by: arcitech2
Originally posted by: her209
So after using the oil sales to rebuild Iraq, who will own the rights to the oil wells?

The exact same companies that owned them before! Don't be fooled into thinking that the Iraqi's will get to OWN those wells.

I can agree with the first sentence. Iraq owned the oils wells before the war and will own them after.

As for the one being fooled I would say that you have been fooled or brainwashed. Time will tell. You and the "it's all about the oil" crowd of tin foil hats will be proven wrong.


A quote from the link in an above article.

"US and UK companies long held a three-quarter share in Iraq?s oil production, but they lost their position with the 1972 nationalization of the Iraq Petroleum Company.(6) The nationalization, following ten years of increasingly rancorous relations between the companies and the government, rocked the international oil industry, as Iraq sought to gain greater control of its oil resources. After the nationalization, Iraq turned to French companies and the Russian (Soviet) government for funds and partnerships.(7) Today, the US and UK companies are very keen to regain their former position, which they see as critical to their future leading role in the world oil industry. The US and the UK governments also see control over Iraqi and Gulf oil as essential to their broader military, geo-strategic and economic interests. At the same time, though, other states and oil companies hope to gain a large or even dominant position in Iraq. As de-nationalization sweeps through the oil sector, international companies see Iraq as an extremely attractive potential field of expansion. France and Russia, the longstanding insiders, pose the biggest challenge to future Anglo-American domination, but serious competitors from China, Germany and Japan also play in the Iraq sweepstakes.(8) "


Funny how France and Russia were so opposed to a war in Iraq. Gee, I wonder why?
 

swifty3

Banned
Nov 24, 2001
392
0
0
Originally posted by: DZip
Please read your history books. After the US and UK have liberated other countries from oppressive fanatics like 1945 Japan and Germany, they set up a temporary government that allows for law and order while the people get their new government set up. Unlike the USSR that retained the countries they liberated (maybe conquered is a better term) and stole the resource to benefit themselves. Once the new government is established, the temporary government dissolves. All of the resources of that country are that country's so they can use the revenues to help rebuild.

It is amazing how many people are disappointed that the US will not claim the oil. Don't they know how much oil it takes to heat our 3000 sq ft homes, 4000 lb SUV's and 4 X 4's, pleasure boats, motor homes, and all the other essentials of the average American family. No matter how big we build them we still average 3.7 people per house and 1.2 people occupying each vehicle. Those that are concerned we will not have enough oil should consider our own resources in the ANWR.


They don't even know what the potential oil reserves in ANWR are. And even the best estimates don't even put a dent in our national consumption. The total petroleum reserves that the US has currently would last a week at current consumtion rates. Those that are concerned about not having enough oil should look at alternative energy sources like wind, tidal, geothermal, hydrogen, solar, etc.
Besides, petroleum can be put to better use than being burned. Plastics just to name one.
 

ub4me

Senior member
Sep 18, 2000
460
0
0
Originally posted by: swifty3 A quote from the link in an above article.

"US and UK companies long held a three-quarter share in Iraq?s oil production, but they lost their position with the 1972 nationalization of the Iraq Petroleum Company.(6) The nationalization, following ten years of increasingly rancorous relations between the companies and the government, rocked the international oil industry, as Iraq sought to gain greater control of its oil resources. After the nationalization, Iraq turned to French companies and the Russian (Soviet) government for funds and partnerships.(7) Today, the US and UK companies are very keen to regain their former position, which they see as critical to their future leading role in the world oil industry. The US and the UK governments also see control over Iraqi and Gulf oil as essential to their broader military, geo-strategic and economic interests. At the same time, though, other states and oil companies hope to gain a large or even dominant position in Iraq. As de-nationalization sweeps through the oil sector, international companies see Iraq as an extremely attractive potential field of expansion. France and Russia, the longstanding insiders, pose the biggest challenge to future Anglo-American domination, but serious competitors from China, Germany and Japan also play in the Iraq sweepstakes.(8) "


Funny how France and Russia were so opposed to a war in Iraq. Gee, I wonder why?


In other words, how US and UK were so eager for invasion on Iraq.


 

Alistar7

Lifer
May 13, 2002
11,978
0
0
Originally posted by: swifty3
Originally posted by: Alistar7
Make them a national company with all proceeds going directly to the Govt., maybe someone can have a prosperous society with world class schools, hopspitals, etc, WITHOUT having to pay taxes...


Your very naive if you think that this will happen. The corruption that is currently underway in all other arab oil producing countries is rapidly corroding any semblance of a "prosperous society". To think that the HUGE windfall of money that will enter into Iraq will result in prosperity and peace rather than corruption and destabilization, is way to optimistic. It's simply not that simple of a scenario.

Besides, Saudi Arabia is essentially a welfare state, with the gov subsidizing everything under the sun. 90% of jobs in Saudi Arabia are worked by foreigners. They have also seen a dramatic decrease in the average annual income in the past 2 decades, not in small part due to the House of Saud (royal family) growing exponentially every year, somewhere around 10,000 people at this time. All of whom get monthly stipends from the gov, and get to fly anywhere, anytime for free on the Saudi Airlines. Any welfare state ends of being a total fvckin wreck. ex. former soviet union. i.e. communism.

Are they democracies? Are they capitalistic? Don't compare apples to oranges and then call me naive.
 

KenGr

Senior member
Aug 22, 2002
725
0
0
Originally posted by: SinfulWeeper
How would it not?
Do you think for a second that SK will invade NK or visa versa? They might be different countries but they are all closely related in blood lines.
...

Duh... then in 1950 the North must have had the worlds greatest case of mass amnesia.