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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (67442)	1/29/2003 10:24:03 AM
From: chomolungma	Read Replies (2) \| Respond to of 70976

You seem to think US companies will NOT be developing and profiting from Iraq's oil. I cannot decide if you are naive or plain simple "challenged". Who cares - wanna bet? :) No more than other non-US companies will. Maybe you haven't noticed that there are other oil companies in the world besides US companies. But I'm sure you think they're "in" on the great Bush conspiracy too. As for being naive, I find that when the person I'm talking to resorts to insults they have lost the argument and are trying to gain a measure of self-respect. Did it make you feel better? Notwithstanding the fact that I have not seen the identities of ANYONE flying the black helicopters over Iraq, I would doubt if any of them had Texas oil executives on them. Sorry you missed the reference. Black helicopters are what conspiracy theorists see. My fault, I figured you attended all the conspiracy meetings. Their previously absolute control is reduced with ex-Soviet countries coming into the market, but if you really think a group that has over 50% of the world's known oil reserves that are also closest to the surface (i.e. low-cost) does not control the price of this FINITE asset, I suggest you read a bit on the sector. I think you are the one who needs to read more on the subject. OPEC, for starters, controls only 40% of crude oil output. You can rant all you want, but the facts are against you. Adjusted for inflation, the price of oil peaked in 1981 at about $80. (current dollars). Doesn't sound like like control to me. I said "with the cooperation of Russia, whose oil is much deeper (and costlier to extract)". Do you not understand what you read? Or is the difference between cooperation for a mutually beneficial outcome and all-out joining a cartel too subtle for you? Not a chance. Russia needs the money and will pump as much oil as it can. OPEC countries can't even keep to their own quotas, and you expect Russia will. And you call me naive? LOL! My, I guess you will not be a happy camper when you see your illusions shatter as US oil companies move in to manage Iraq's oil fields after the invasion. My guess is I will be plenty happy after the invasion liberates an oppressed people and grants them access to the wealth of oil that has been hijacked by a brutal dictator. I will be even happier when Saddam's nuclear threat is removed from the world and yes, I will be happy when George Bush is given credit for bringing it all to pass. My guess is all the above will make you decidedly unhappy.