Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (1625)	1/3/2003 8:51:26 AM
From: Brumar89	Read Replies (1) \| Respond to of 15987

So if Iraq is invaded and US oil companies control Iraqi fields (in which case, they WILL have control over production, and hence the price) will they or will they not boost oil production such that oil prices will decline? As a matter of fact, yes. Each company will have control over its own production - as it does now. Not over the production of other producers. If foreign companies (American, Russian, French - it doesn't matter who) get involved in Iraq, it will be through developing new oil fields not currently developed and producing. The present Iraqi production is owned and operated by Iraq National Oil Company. So any future foreign involvement will result in an increase in production.