Oil in Iraq: ‘So Near Yet So Far’ For Bush & Co
A guard keeps watch over the al-Shiaaba oil refinery near Basra, in southern Iraq. Photo: AP
The Economist Intelligence Unit quotes a study that suggests that Iraq’s oil reserves could be almost as large as those of Saudi Arabia, the world’s leader.
But these findings come amid fresh evidence of the monumental difficulty of realising that potential, as bombs in Baghdad left 200 people dead in a single day and Iraqi MPs wrangled over the details of new oil legislation.
Hence President Bush and the US administration’s frustration at not realising in four years its real aim of substantial control over the oil wealth of Iraq.
“The reminder of the scale of Iraq’s unrealised oil wealth has come in the form of a report by IHS, an industry consultant, providing details of existing oil reserves and of more than 400 undrilled prospects and undeveloped discoveries.
“The Iraq Atlas estimates that Iraq has proven reserves of 116bn barrels (slightly higher than the standard industry figure), which could be supplemented by a further 100bn barrels in the barely explored desert region to the west of Baghdad.
“Saudi Arabia’s reserves are put at 264bn barrels, with Iran occupying second place in the world ranking with 138bn barrels.”
For this interesting story about Iraqi oil please click here…
Under these circumstances it seems impossible that peace would return to Iraq in the foreseeable future.
At times one wonders…Is it because of the greed that no lasting solution is being found to the Iraq crisis/tragedy? Isn’t it time to share the ‘spoils’? Or is it too late???
Or, is it that the ‘other’ players are just waiting in the wings for the US to get totally exhausted…and then move on to the kill to claim bigger share???
It is indeed slippery out there in the oilfields!
6 Responses to “Oil in Iraq: ‘So Near Yet So Far’ For Bush & Co”
That’s treasonous talk there. Don’t you remember that the reason we attacked Iraq was WMD… err I mean to spread Democracy… err I mean to fight them over there so we wouldn’t have to fight them here?
THE MSM ASKS, “WOULD I LIE?”strong>
Answer: In the words of Steve Martin, “Is the Bear Catholic?”
DUH!
Take a close look at the image. IT’S BEEN “PHOTO SHOPPED,” just like so many others by AP (Arab Propaganda, not Associated Press), and Reuters, just to mention 2 of the many who are doing it.
http://www.zombietime.com/reuters_photo_fraud/
And, just as their pictures are faux, so is most of what they write. If not outright lies, than just enough info is given to come to the wrong conclusions, with all the info necessary to come to the correct conclusions is witheld.
And you gullible lefties fall for it every time?
Are you really just “usefull idiots,” or are you deliberately spreading the MSM lies?
It is indeed slippery out in those lefy blogs.
Yeah but its not our oil.
yonason- You are truly a dumbarse. If it were a third grade crayon drawing it makes no difference. The story is not about the picture, the picture is about the story. Its about oil, not the “guard”. Read the story dummy.
I’m certain God made conservadips for a reason…..?
[...] It will be criminal and unfair if only the US Marine officers were punished. Mr Bush and the top echelons of the US administration cannot be allowed to go scot-free as their hands are as much tainted with the blood of Iraqi civilians as anyone else. The US Marines are being sacrificed for the lust and greed for Iraqi oil. [...]
Ok, “WhiteAgent” just how much of Iraq’s precious oil has the USA “stolen?” What resources of other countries have we ever “stolen.” Provide documentation of ACTUAL acts, not references to paranoid fantasies.
Of course, since the USA is the country that helps others develop their resources, then pays top dollar for the final product, you aren’t going to be able to do that. All you have is accusations to build your demented house of cards.
I.e., put up or shut up.
And, yes, it DOES matter that the photo is a lie. It is part and parcel of the way the fabricate not only the images the present, but the story they tell. See the refs I gave for complete documentation of othe ACTUAL cases.
And, yes, please DO go and read my comments debunking M.V.’s “Iraq Civillian Killings, …”
yonason- You need to look up the meaning of “context” dummy.