>Its gonna be fun watching all those western oilmen so willing to hop on the US war bandwagon, crap their pants as oil drops to US$15-20 a bbl (probally closer to $15)<
Exactly! That's why it is puzzling why Ralphy was so upset with Ottawa for not joining in the oil-grab war. The Iraq war is all about business, and not about WMD or Bush's holy desire to free the Iraq people. U.S. will have control over the Iraq oil, and for those who don't believe this, I have swamp land to sell as resort properties. How could Iraqis run their own elections freely when you have U.S. military bases all over Iraq. It is all a matter of subtle control and management. Bush is the CEO of Iraq, and typical of the Western CEO culture, you are illusioned to think you are free to do what you want. Not so!
Here's how I think the business plan of the investment in the Iraq war will look like:
1. Iraq won't be a member of OPEC. The business plan is to liberate America from the oil strangle-hold of Saudi Arabia.
2. Invest $80 billion as capital investment in the war and the subsequent re-building. Get a multi-bagger return in terms of jobs and corporate taxes by awarding lucrative contracts to American companies. It's like an annuity. Spend one time, get paid year-after-year henceforth. Peter Lynch will be made proud for the multi-bagger strategy.
3. Sell oil as cheap as possible. After all, it's no skin of U.S. nose to sell oil cheap since the revenue goes directly back to Iraq. However, indirectly, cheap oil will generate billions and billions of earnings to U.S. companies, and will be like multiple doses of adrenalin to the U.S. economy. Cheap oil means cheaper wars for a super power. Cheap oil means an even gushier standard of living for Americans, especially the friends of Bush's tax cuts. Cheap oil means being re-elected and GOP staying in power, for ever.
Meanwhile, back at the Albertan ranch, Ralphy is knocking his head on the wall when oil stays at $15 for years to come. |
