More Good News From Iraq

  1. You have chosen to ignore posts from UserName99. Show UserName99's posts

    More Good News From Iraq

    China Is Reaping Biggest Benefits of Iraq Oil Boom

    BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.

    China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.

    “The Chinese are the biggest beneficiary of this post-Saddam oil boom in Iraq,” said Denise Natali, a Middle East expert at the National Defense University in Washington. “They need energy, and they want to get into the market.”

    Before the invasion, Iraq’s oil industry was sputtering, largely walled off from world markets by international sanctions against the government of Saddam Hussein, so his overthrow always carried the promise of renewed access to the country’s immense reserves. Chinese state-owned companies seized the opportunity, pouring more than $2 billion a year and hundreds of workers into Iraq, and just as important, showing a willingness to play by the new Iraqi government’s rules and to accept lower profits to win contracts.

    “We lost out,” said Michael Makovsky, a former Defense Department official in the Bush administration who worked on Iraq oil policy. “The Chinese had nothing to do with the war, but from an economic standpoint they are benefiting from it, and our Fifth Fleet and air forces are helping to assure their supply.”

    The depth of China’s commitment here is evident in details large and small.

    In the desert near the Iranian border, China recently built its own airport to ferry workers to Iraq’s southern oil fields, and there are plans to begin direct flights from Beijing and Shanghai to Baghdad soon. In fancy hotels in the port city of Basra, Chinese executives impress their hosts not just by speaking Arabic, but Iraqi-accented Arabic.

    Notably, what the Chinese are not doing is complaining. Unlike the executives of Western oil giants like Exxon Mobil, the Chinese happily accept the strict terms of Iraq’s oil contracts, which yield only minimal profits. China is more interested in energy to fuel its economy than profits to enrich its oil giants.

    http://www.nytimes.com/2013/06/03/world/middleeast/china-reaps-biggest-benefits-of-iraq-oil-boom.html?hp#commentsContainer

     

     
  2. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    But wait...I thought we were supposed to get all the oil? Isn't that why we went to Iraq in the first place? For oil right????

     
  3. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: More Good News From Iraq

    In response to FortySixAndTwo's comment:

    But wait...I thought we were supposed to get all the oil? Isn't that why we went to Iraq in the first place? For oil right????




    Um no.....but the Bush Administration told us that Iraqi oil was going to repay us for liberating the country from Saddam Hussein.

    Turns out they were wrong.  The oil is going to enrich our adversary.

     
  4. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    In response to UserName99's comment:

    In response to FortySixAndTwo's comment:

     

    But wait...I thought we were supposed to get all the oil? Isn't that why we went to Iraq in the first place? For oil right????

     




    Um no.....but the Bush Administration told us that Iraqi oil was going to repay us for liberating the country from Saddam Hussein.

     

    Turns out they were wrong.  The oil is going to enrich our adversary.



    No, no....you guys told us we went there for the oil. Changing your story now?

     
  5. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: More Good News From Iraq

    In response to FortySixAndTwo's comment:

    In response to UserName99's comment:

     

    In response to FortySixAndTwo's comment:

     

     

     

    But wait...I thought we were supposed to get all the oil? Isn't that why we went to Iraq in the first place? For oil right????

     

     




    Um no.....but the Bush Administration told us that Iraqi oil was going to repay us for liberating the country from Saddam Hussein.

     

     

    Turns out they were wrong.  The oil is going to enrich our adversary.

     



    No, no....you guys told us we went there for the oil. Changing your story now?

     



    We did go there for the oil.

    We just didn't get it.  Or at least not enough to justify the costs.

    Just one of the major consequences of that expensive, unnecessary war.

     

     
  6. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: More Good News From Iraq

    Oil is a global commodity. Increasing supplies to the market help control cost whether it's china or us buying it is irrelevent.

    “When the debate is lost, slander becomes the tool of the loser.”
    âۥ Socrates

     
  7. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: More Good News From Iraq

    In response to tvoter's comment:

    Oil is a global commodity. Increasing supplies to the market help control cost whether it's china or us buying it is irrelevent.

     



    Consumer prices have not seemed to benefit due to this 'increased supply'...

    ...even as come oil companies post record profits.

     

     

     
  8. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    In response to MattyScornD's comment:

    In response to FortySixAndTwo's comment:

     

    In response to UserName99's comment:

     

     

     

    In response to FortySixAndTwo's comment:

     

     

     

     

     

    But wait...I thought we were supposed to get all the oil? Isn't that why we went to Iraq in the first place? For oil right????

     

     

     




    Um no.....but the Bush Administration told us that Iraqi oil was going to repay us for liberating the country from Saddam Hussein.

     

     

     

    Turns out they were wrong.  The oil is going to enrich our adversary.

     

     



    No, no....you guys told us we went there for the oil. Changing your story now?

     

     

     



    We did go there for the oil.

     

    We just didn't get it.  Or at least not enough to justify the costs.

    Just one of the major consequences of that expensive, unnecessary war.

     



    Why didn't Obama admin worked to get in there like China did? China is NOW Iraq's biggest customer. So Obama also had plenty of opportunity to get in there. 

    And of course god forbid we look at the positives here

    If the United States invasion and occupation of Iraq ended up benefiting China, American energy experts say the unforeseen turn of events is not necessarily bad for United States interests. The increased Iraqi production, much of it pumped by Chinese workers, has also shielded the world economy from a spike in oil prices resulting from Western sanctions on Iranian oil exports. And with the boom in American domestic oil production in new shale fields surpassing all expectations over the last four years, dependence on Middle Eastern oil has declined, making access to the Iraqi fields less vital for the United States.

    At the same time, China’s interest in Iraq could also help stabilize the country as it faces a growing sectarian conflict.

     
  9. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: More Good News From Iraq


     
  10. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    In response to Sistersledge's comment:




    Was our govt going to do this before Iraq war?

     
  11. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: More Good News From Iraq


    I think President "Kotter" wanted to do it in the late 70's

     
  12. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: More Good News From Iraq

    We did go there for the oil.


    The idea that we went to Iraq, as proclaimed by the "No Blood for Oil" crowd, was always a pathetic joke. If that was all we really wanted we could have just purchased it on the open market just like the Europeans wanted to.

    The fact that we left the oil contracts for the Iraqi's to sell and profit from puts the lie to this foolish meme.

    -

    Never underestimate the power of stupid people in large groups.

     

     
  13. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    In response to StalkingButler's comment:

     

    We did go there for the oil.


    The idea that we went to Iraq, as proclaimed by the "No Blood for Oil" crowd, was always a pathetic joke. If that was all we really wanted we could have just purchased it on the open market just like the Europeans wanted to.

    The fact that we left the oil contracts for the Iraqi's to sell and profit from puts the lie to this foolish meme.

     

    -

    Never underestimate the power of stupid people in large groups.

     



    Quite honestly anyone who thinks we went there for the oil doesn't even warrant a response

     
  14. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: More Good News From Iraq

    In response to FortySixAndTwo's comment:

    In response to StalkingButler's comment:

     

     

    We did go there for the oil.


    The idea that we went to Iraq, as proclaimed by the "No Blood for Oil" crowd, was always a pathetic joke. If that was all we really wanted we could have just purchased it on the open market just like the Europeans wanted to.

    The fact that we left the oil contracts for the Iraqi's to sell and profit from puts the lie to this foolish meme.

     

     

    -

    Never underestimate the power of stupid people in large groups.

     

     



    Quite honestly anyone who thinks we went there for the oil doesn't even warrant a response

     




    Why did we go there then ........ WMD's .... if we invaded Iraq for the oil at least it would have been closer to the truth ........ the only good news from Iraq is we are not there anymore .

     
  15. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    In response to Sistersledge's comment:

    In response to FortySixAndTwo's comment:

     

    In response to StalkingButler's comment:

     

     

     

     

    We did go there for the oil.


    The idea that we went to Iraq, as proclaimed by the "No Blood for Oil" crowd, was always a pathetic joke. If that was all we really wanted we could have just purchased it on the open market just like the Europeans wanted to.

    The fact that we left the oil contracts for the Iraqi's to sell and profit from puts the lie to this foolish meme.

     

     

     

    -

    Never underestimate the power of stupid people in large groups.

     

     

     



    Quite honestly anyone who thinks we went there for the oil doesn't even warrant a response

     

     

     




    Why did we go there then ........ WMD's .... if we invaded Iraq for the oil at least it would have been closer to the truth ........ the only good news from Iraq is we are not there anymore .

     



    the only good news from Iraq is we are not there anymore .

     

    Agree 100%. 

     

     
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  17. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: More Good News From Iraq

    In response to Sistersledge's comment:



    Why did we go there then ........ WMD's .... if we invaded Iraq for the oil at least it would have been closer to the truth ........ the only good news from Iraq is we are not there anymore .



    16 UN resolutions snubbed, shooting at our planes, shooting scud missles into Israel, aiding terror, distabilizing the region, govt sanctioned genocide of it's own people. 

     
  18. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: More Good News From Iraq

    Keeping oil out of the hands of the bad guys is not quite the same as "going to Iraq FOR oil". Nuance is lost on some people I guess

     
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  20. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: More Good News From Iraq

    In response to tvoter's comment:

    In response to Sistersledge's comment:



    Why did we go there then ........ WMD's .... if we invaded Iraq for the oil at least it would have been closer to the truth ........ the only good news from Iraq is we are not there anymore .

     

     



    16 UN resolutions snubbed, shooting at our planes, shooting scud missles into Israel, aiding terror, distabilizing the region, govt sanctioned genocide of it's own people. 

     




    yada yada yada yada ........ Iraq posed NO credible threat to our National Security ..... next you are going to lecture me about the " Bush Doctrine " I imagine .

     
  21. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: More Good News From Iraq

    Occam's razor. You don't have to twist the facts around to understand that the simplest explanation for going to Iraq are the ones that were explicitly stated in the declaration passed by congress.

    Oh, and regarding the decisions made by the previous administration, the current administration is making them all look like massive fore-headed super-geniuses by comparison.

    -

    Never underestimate the power of stupid people in large groups.

     

     
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  24. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: More Good News From Iraq

    In response to FortySixAndTwo's comment:

    Nuance is lost on some people I guess



    You'd guess right.

     
  25. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: More Good News From Iraq

    In response to Godvernment's comment:

    as James Petras explained in "The Power of Israel in the United States", the illegal invasion of iraq had minimal to do with oil as it actually hurt oil business. America sacrificed american tax dollars and american lives all for the pre-emptive protection of israel. 



    Yea right!

    Anti-semite much

     
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