So will the new Iraq be part of OPEC?

[Train]

So when Iraq can settle down thier pipeline and oil field issues, and start using theier natural resources effectively, will they be part of OPEC or not?

Either way Iraq will become profitable, they shouldnt need any outside assistance after a few years to get thier internal affairs in order.

But if they stay independent, it could be good for world oil markets, taking an edge off of Saudi Arabia's dominance in setting the prices.

If they DO go OPEC, I forsee more stable oil prices, as there is more capacity to produce, yet the tradeoff for the stability will be lack of any periods of time with CHEAP oil.

 

[Fencer128]

I guess it's a case of:

"USA - what can you offer us to saty independant and friendly?" versus "OPEC - what can you offer us to join the cartel?"

I'm guessing that OPEC may win.

Cheers,

Andy

 

[Todd33]

OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

 

[Fencer128]

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

Hi,

But I thought the government had assigned a *lot* of money to the "hydrogen economy". Now, IMHO - that's not the alternative energy technology to invest in - but it still is a significant investment?

Cheers,

Andy

 

[K1052]

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

 

[Train]

Originally posted by: K1052
It is not the government's responsibility to provide for our every need present and future.

OMG! a conservative! welcome to the trenches brother!

 

[Fencer128]

Originally posted by: K1052

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

Unless of course the price of oil becomes both financially, ecologically and politically prohibitive. Then a helping hand would be warranted in the direction of renewable energy IMHO.

Cheers,

Andy

 

[BaliBabyDoc]

I thought we covered this topic recently? Anyway, it would take a moron running Iraq for them to leave OPEC.

Iraq will not be profitable/self-sustaining in the near future. It will take MANY years for them to develop an Iraqi security force sufficient to safe guard the borders and internal oil distribution system. Not to mention tens of billions and years to fully develop their drilling potential.

It will likely be years before oil companies feel secure enough to invest that kind of cheddar in this tinderbox. Accordingly it will be years afterwards before Iraq can pump with impunity . . . to the limits of their OPEC quota.

 

[Train]

Originally posted by: BaliBabyDoc
I thought we covered this topic recently? Anyway, it would take a moron running Iraq for them to leave OPEC.

Iraq will not be profitable/self-sustaining in the near future. It will take MANY years for them to develop an Iraqi security force sufficient to safe guard the borders and internal oil distribution system. Not to mention tens of billions and years to fully develop their drilling potential.

It will likely be years before oil companies feel secure enough to invest that kind of cheddar in this tinderbox. Accordingly it will be years afterwards before Iraq can pump with impunity . . . to the limits of their OPEC quota.

where do you think (some) of that 87 billion went?

Bush is dumb, but not dumb enough to have not protected the oil fields from the beginning.

 

[K1052]

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

Unless of course the price of oil becomes both financially, ecologically and politically prohibitive. Then a helping hand would be warranted in the direction of renewable energy IMHO.

Cheers,

Andy

I am willing to bet that alternative sources will present themselves due to market forces well before a true crisis point is reached.

Also, government investment in fusion energy could very well provide the answer. With lots and lots of very inexpensive electricity, many options are available.

 

[Fencer128]

Originally posted by: K1052

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

Unless of course the price of oil becomes both financially, ecologically and politically prohibitive. Then a helping hand would be warranted in the direction of renewable energy IMHO.

Cheers,

Andy

I am willing to bet that alternative sources will present themselves due to market forces well before a true crisis point is reached.

Also, government investment in fusion energy could very well provide the answer. With lots and lots of very inexpensive electricity, many options are available.

Well it's all about how you define crisis point then

Cheers,

Andy

 

[K1052]

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

Unless of course the price of oil becomes both financially, ecologically and politically prohibitive. Then a helping hand would be warranted in the direction of renewable energy IMHO.

Cheers,

Andy

I am willing to bet that alternative sources will present themselves due to market forces well before a true crisis point is reached.

Also, government investment in fusion energy could very well provide the answer. With lots and lots of very inexpensive electricity, many options are available.

Well it's all about how you define crisis point then

Cheers,

Andy

I am thinking about Mad Max right now.

Get the Go Juice!

 

[Fencer128]

Originally posted by: K1052

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Fencer128

Originally posted by: K1052

Originally posted by: Todd33
OPEC or not, the real money is in the American oil companies who install and run all the drilling. We did it in SA, we will do it in Iraq.

China will drive demand up, so prices will never come down to anything to too low. We need to invest in alternate energy, but it's hard when the White House is run by oil people.

It is not the government's responsibility to provide for our every need present and future.

The only energy project that needs large scale government funding IMO is work on fusion due the enormous costs related with R&D.

Unless of course the price of oil becomes both financially, ecologically and politically prohibitive. Then a helping hand would be warranted in the direction of renewable energy IMHO.

Cheers,

Andy

I am willing to bet that alternative sources will present themselves due to market forces well before a true crisis point is reached.

Also, government investment in fusion energy could very well provide the answer. With lots and lots of very inexpensive electricity, many options are available.

Well it's all about how you define crisis point then

Cheers,

Andy

I am thinking about Mad Max right now.

Get the Go Juice!

I'm putting on my animal skin and loading my crossbow. Doh! Wrong sequal!

Andy

 

[BaliBabyDoc]

Train, we are not protecting oil fields. We are scarcely assisting in protecting pipelines. Most of the $87B is wasted in lost machinery and repairs of equipment and the massive expense of keeping 120k+ troops in Iraq.

I wouldn't be surprised if Kuwait was pumping more oil from Iraq than Iraqis are.

 

[rextilleon]

This is a fruitless discussion--My theory is that the oil from Iraq will not flow for years---already half their capacity has been destroyed--- In coming months watch the sabotoge increase and the industry fall apart---Wasn't it Wolfowitz who said that Iraqi oil would pay for this war?????