Quote:
Originally Posted by nevermind65
The oil is here....given to other countries at our expense. This is just a random article I picked out. |
That is a very old article to just happened to pick out.
Here is a recent one...
http://www.cbsnews.com/stories/2008/...r=HOME_4194038
(AP) Iraq is close to signing
oil service deals with several major Western
oil companies in an effort to boost its output capacity, the country's oil ministry said Thursday - the first major Iraqi contracts with big Western companies since the 2003 U.S.-led invasion.
The deals, once signed, are something of a stopgap measure to help Iraq begin to increase production until the country is able to approve a new national oil law - now held up by political squabbles among Sunnis, Shiites and Kurds.
But they also could mark the beginning of an important long-term toehold by big Western companies into Iraq's potentially lucrative oil industry, by giving the companies a bidding advantage over other companies in the future.......