Real0ne
Posts: 21189
Joined: 10/25/2004
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quote:
ORIGINAL: DonkeyHoetee
I still say, lets' just "gerrymander" Iraq up into 3 plots of real estate ... for each of the 3 Iraq politico-religious-ethnic divisions ... and let them take it from there ... make sure they all have a piece of the "oil" pie ... each has an international voice ... each has its own hand in commerce; economy, and international diplomacy ... and let the rest play out ... and smply get the f$%&ing hell out of there now.
yep there ya go.... thats the solution.
History in the making, bush creating another isreal/egypt never ending war in iraq. they were better off with hussien.
<snipppets>
Now, unnoticed by most amid the furore over civil war in Iraq and the hanging of Saddam Hussein, the new oil law has quietly been going through several drafts, and is now on the point of being presented to the cabinet and then the parliament in Baghdad. Its provisions are a radical departure from the norm for developing countries: under a system known as “production-sharing agreements”, or PSAs, oil majors such as BP and Shell in Britain, and Exxon and Chevron in the US, would be able to sign deals of up to 30 years to extract Iraq’s oil.
But in a country more dependent than almost any other on oil - it accounts for 70 per cent of the economy - control of the assets has proved a recipe for endless wrangling. Most of the oil reserves are in areas controlled by the Kurds and Shias, heightening the fears of the Sunnis that their loss of power with the fall of Saddam is about to be compounded by economic deprivation.
Iraq’s sovereign right to manage its own natural resources could also be threatened by the provision in the draft that any disputes with a foreign company must ultimately be settled by international, rather than Iraqi, arbitration.
Analysts estimate that despite the size of Iraq’s reserves - the third largest in the world - only 2,300 wells have been drilled in total, fewer than in the North Sea.
The resentment implied in their words is ominous, and not only for oil company executives in London or Houston. The perception that Iraq’s wealth is being carved up among foreigners can only add further fuel to the flames of the insurgency, defeating the purpose of sending more American troops to a country already described in a US intelligence report as a cause célèbre for terrorism.
The document adds that oil companies will enjoy contracts to extract Iraqi oil for up to 30 years,
Halliburton, the firm that Dick Cheney used to run, was among US-based multinationals that won most of the reconstruction deals
The largest beneficiary of reconstruction work in Iraq has been KBR (Kellogg, Brown & Root), a division of US giant Halliburton, which to date has secured contracts in Iraq worth $13bn (£7bn), including an uncontested $7bn contract to rebuild Iraq’s oil infrastructure.
$12.1bn UN’s estimate of the cost of rebuilding Iraq’s electricity network.
http://www.rinf.com/columnists/news/blood-and-oil-how-the-west-will-profit-from-iraqs-most-precious-commodity
< Message edited by Real0ne -- 1/11/2007 9:31:19 AM >
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