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


To: energyplay who wrote (41691)11/18/2003 4:16:28 PM
From: Raymond Duray  Read Replies (1) | Respond to 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.



To: energyplay who wrote (41691)11/19/2003 12:23:50 AM
From: Cogito Ergo Sum  Respond to of 74559
 
I'd venture US job creation a big political factor in all this.



To: energyplay who wrote (41691)11/20/2003 2:26:59 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
I tried recently to get some suggestions in Big Dog's place for companies that might make money off the 20 billion guarantee loan program for the Alaska pieline that's in the new energy bill.

Owned some MVK and just bought more, as possible pipe supplier.

Any ideas about who makes money off the bulding of the piepline?