Not very attractive real estate, for sure, but Big'Oil thinks it's just beautiful. So beautiful they will lie, cheat, steal...even kill, just to put their arms around that which is so captivating to them they would $ell their $oul$.
The first oil contracts for the majors(Exxon,Shell,BP,Chevron) in Iraq are exceptional for the oil industry.
They include a provision that could allow the companies to reap large profits at today’s prices: the ministry and companies are negotiating payment in oil rather than cash.
“These are not actually service contracts,” Ms. Benali said. “They were designed to circumvent the legislative stalemate” and bring Western companies with experience managing large projects into Iraq before the passage of the oil law.
Yep, in typical fascist fashion.
Did you know that a total of 46 companies put in bids to drill the estimated 4 million barrels a day the future holds for Iraq? What? You had your money on Exxon, Shell, BP and Chevron? Yeah...me too.
But the company is clearly aware of the history. In an interview with Newsweek last fall, the former chief executive of Exxon, Lee Raymond, praised Iraq’s potential as an oil-producing country and added that Exxon was in a position to know. “There is an enormous amount of oil in Iraq,” Mr. Raymond said. “We were part of the consortium, the four companies that were there when Saddam Hussein threw us out, and we basically had the whole country.”
If you are still confused as to why we went to war in Iraq, maybe you should re-read the above quote. As an American citizen and 1/300,000,000 part owner of this great nation, I propose a citizens arrest warrant for Big'Oil. For the deaths and maimings of, so far, over 34,000 of our fellow Americans. I propose they be charged and tried for treason. Any Seconds?
Way to spread freedom, Bush. Shorter phashie-dorks: We the executives, of this entire fucking planet(and beyond), shall form a more profitable union to ensure our dominance over the people. If you don't like it, you can eat shit, because we're doing it anyway.
You'd better think again...boy.