Drill Here. Drill Now. Pay Less.

[392cobra]

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.......

[Joe Wicked]

Forgive me for being ignorant, but I still do not see where we went in and took the oil. I see companies that specialize in oil (western, eastern, and mid eastern) putting bids in and getting counter bids back. Yes American oil companies will make money on it, but so will the Iraqis. We are not going in and claiming it as ours, but entering in a contract to get the oil that they have when they do not have a way to get it. They are entertaining offers from everyone. Not the same thing.

Let me revise my question. If Iraq was about oil, were are the tankers of oil that we have taken (and supposedly given to other countries)? I saw an article about China getting contracts to extract the oil and the US companies not laying down, but going after those same contracts. The Chinese contracts are with Iraq not the US.

One more point, if the US went in to take over the oil fields, why would we let, yes let, China get to make money extracting the oil for their own use? That is counter productive. We would declare the fields US property and sell to China.

[nevermind65]

You missed my point. My point was why, since we already were in Iraq, get the oil? One of the first things we did when entering the country was set-up soldiers to guard the oil fields so Saddam wouldn't burn them. Now we are sitting back while our soldiers are dying and letting Iraq make deals with China and other countries to extract the oil.

Originally Posted by Joe Wicked

Forgive me for being ignorant, but I still do not see where we went in and took the oil. I see companies that specialize in oil (western, eastern, and mid eastern) putting bids in and getting counter bids back. Yes American oil companies will make money on it, but so will the Iraqis. We are not going in and claiming it as ours, but entering in a contract to get the oil that they have when they do not have a way to get it. They are entertaining offers from everyone. Not the same thing.

Let me revise my question. If Iraq was about oil, were are the tankers of oil that we have taken (and supposedly given to other countries)? I saw an article about China getting contracts to extract the oil and the US companies not laying down, but going after those same contracts. The Chinese contracts are with Iraq not the US.

One more point, if the US went in to take over the oil fields, why would we let, yes let, China get to make money extracting the oil for their own use? That is counter productive. We would declare the fields US property and sell to China.

[Joe Wicked]

Originally Posted by 4RE KLR

If the US would have wanted (to steal) the oil we would have taken it, simple as that!

The western companies are doing just what all other countries are doing. The Iraqis do not have the means or the ability to recover and or transport the exports at this time. That does not mean they should roll over and give it away, and no one is asking them to.

If you were in business for yourself and you have a board of directors and stockholders to answer to, you do what you need to do to turn a profit. Any company has the opportunity to bid of the extraction of Iraqi oil. The Iraqis are negotiating for the best deal for their country.... just as they should be.

So what!

Exactly my point. The soldiers were put there to prevent the oil burning as that would have immediately impacted the price of oil worldwide. The commanders knew that they would have been blamed for it by A) not protecting it and B) doing it themselves. In the end the Oil is Iraqs oil, and therefore it is up to Iraq to decide what is in the best interest of Iraq to do with it. Will they make the right decision? Only time will tell.


Edit:

Originally Posted by nevermind65

You missed my point. My point was why, since we already were in Iraq, get the oil? One of the first things we did when entering the country was set-up soldiers to guard the oil fields so Saddam wouldn't burn them. Now we are sitting back while our soldiers are dying and letting Iraq make deals with China and other countries to extract the oil.

Just so this does not turn into an argument and remains a discussion, let me go ahead and not assume. I may have misread your previous and or this post, but I took it as you were saying we went into Iraq for Oil and I took this post as saying since we are there, why don't we take it? Too me that seems opposite, can you please clarify what you meant, because I thought I understood and now am confused.