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Politics : DON'T START THE WAR

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To: PartyTime who wrote (4115)	1/28/2003 1:39:13 AM
From: Lazarus_Long	Read Replies (5) of 25898

Appeasement for Oil: France's Total, SA and Elf Aquitane have development plans in Iraq. So does Russia. Wonder why Bush's plans disturbs them? minerals.usgs.gov A Russian consortium has a signed contract to exploit an Iraqi field with 7.5 billion barrels of reserves if and when sanctions are lifted. France's Elf Aquitane, a major U.S. competitor, has a similar deal for a field with reserves of 9 billion barrels. A major oil expert predicts that with this deal, "the size of Elf as a company would double overnight." (Wall St. Journal 2/23/98). plp.org Iraq also owes $5 billion to France. And two French oil firms (Elf Aquitane and Total Petroleum) are reported to be in the process of negotiating their own major deals with Iraq. In a 20 November 1997 report by ABCNews, Jorgen Wouters noted: "While foreign oil deals represent a new frontier for Russian firms, the French are trying to recapture former market share. `The French would like to reestablish themselves as an oil power in the Middle East, particularly in Iraq,' [John] Lichtblau [chair of the Petroleum Research Industry Foundation] added. "`The French were a major power in the Middle East at one time and feel they were displaced by the United States,' said Lichtblau. `There is no question they want to reassert their position.'" bolshevik.org Gee, I hope you leftists notice those are very leftie sources saying that.

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