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Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?


To: GUSTAVE JAEGER who wrote (5432)2/25/2004 1:23:34 PM
From: Don Earl  Respond to of 20039
 
<<<Equatorial Guinea has long been one of the poorest and most neglected nations on the planet, but within a few years the country could be producing as much as 500,000 barrels a day>>>

Iraq has the ability to produce 3 million barrels a day, or at least they did before the invasion. The issue is two fold: 1. To have access to the supplies, and 2. To have control over production to prevent price collapse due to over supply conditions.

<<<West African oil is priced in US dollars whereas Iraqi oil is priced in US body bags.... Now, which one is cheaper? >>>

There are 7 billion people on the planet. For those who make a profit on both the body bags AND the oil, it's a no brainer.

While I fully sympathize with your view that killing people for money is morally wrong, arguing that armed robbery doesn't exist because it'd be easier to for armed robbers to get a job is out of touch with reality. You're not in Kansas anymore, and evil people really do exist.



To: GUSTAVE JAEGER who wrote (5432)2/26/2004 12:23:16 AM
From: Raymond Duray  Read Replies (2) | Respond to of 20039
 
Re: What's the difference between West African oil and Iraqi oil?

1) Proven Reserves.

Iraq..............112 Billion Barrels

West Africa....34 Billion Barrels

2) Lifting Cost.

Three times more oil in Iraq at an average lifting cost of $1.50 p/bbl. West African pumping costs significantly higher.

3) API specific gravity.

Iraqi oil is light, sweet crude and highly desirable as a refinery feedstock. West African oil is more variable and generally sells as a discount to the prized Iraqi crude.