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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (30272)	3/27/2003 1:41:39 PM
From: Hawkmoon	Respond to of 74559

The Alaska plan would be great - Each adult Iraqi getting a quarterly check...It could go on for years, and would provide a hard refutation of the U.S. 'stealing' oil for the Iraqis. Thanks!! The one fly in the ointment is who would manage the investments of the Iraqi "permanent fund"?? It would have to include parties from each major demographic group, but should it be equal, or proportional?? And how do we prevent the money managers from misallocating the funds?? Such a large amount of money would have to be CLOSELY WATCHED and the investments heavily scrutinized. But overall, the psychological impact of setting up the countries resources for the benefit of the people could have a major impact on the legitimacy of any post-Saddam government. It would certainly make them accountable for how that money is invested.. I also propose that certain percentage of annual royalties from sale of Iraqi oil be paid into the fund rather than going directly to the government budget. This would also promote efficiency and thrift because every penny spent by politicians is money directly coming out of the pockets of the dividend recipients. Feel free to pass the idea around. I'm trying to work out a contact with some associates to mull the idea over and see how practical it would be. But we're probably talking selling the state oil assets for well over $200 Billion total, with royalties also working into the scenario. That is, if the Iraqis choose to do so.. I see it as a "win-win" scenario, both for the Iraqi people, and the Western oil companies who would like to invest in the region. Hawk