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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (41691)11/18/2003 4:16:28 PM
From: Raymond Duray  Read Replies (1) of 74559
 
EP,

Re: Why couldn't we have Halliburton, Bechtel and their Canadian friends build this 10 Billion + project ?

You pick the low hanging fruit first. Average lifting cost of Iraqi crude is under $1.50/bbl. Once all the local population (sand niggers in the parlance of the industry) is removed to concentration camps or gas ovens, then there is a huge bounty in Iraq. This makes a pipeline through the Canadian Northwest Territories and Alaska with all the pesky environmental regulations and high cost labor much less attractive.

Face it, Iraq is a lawless land. Dumping the costs of removing the local population on the U.S. taxpayer, then hiring Kuwaiti subcontractors who pay their labor 3% of what it would cost in Yellow Knife or Fairbanks is extremely attractive to the oil corporations and their contractors like Halliburton and Bechtel.
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