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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (92895)	4/5/2007 1:25:53 PM
From: longnshort	Read Replies (1) \| Respond to of 173976

Democrats shoot and kill FBI agent during bank robbery

To: Land Shark who wrote (92895)	4/5/2007 9:35:23 PM
From: Brumar89	Read Replies (1) \| Respond to of 173976

The Iraqi constitution has nothing about PSA's in it. The Iraqi govt probably is going to allow PSA's which are a good deal for producing countries who have untapped oil reserves and limited capital. PSA's don't bring companies unreasonable profits - there's a lot of competition among companies to get those deals. All the American and European majors plus the Chinese, Russian, and Indian companies plus Petrobras, Petronas, and others compete for those deals.

To: Land Shark who wrote (92895)	4/6/2007 8:28:59 AM
From: JeffA	Read Replies (2) \| Respond to of 173976

And Iraq's big oil contracts go to ... Companies from China, India and other Asian nations are seen getting the first contracts. But don't write off Big Oil just yet. By Steve Hargreaves, CNNMoney.com staff writer April 5 2007: 1:42 PM EDT NEW YORK (CNNMoney.com) -- Despite claims by some critics that the Bush administration invaded Iraq to take control of its oil, the first contracts with major oil firms from Iraq's new government are likely to go not to U.S. companies, but rather to companies from China, India, Vietnam, and Indonesia. While Iraqi lawmakers struggle to pass an agreement on exactly who will award the contracts and how the revenue will be shared, experts say a draft version that passed the cabinet earlier this year will likely uphold agreements previously signed by those countries under Saddam Hussein's government. Special Reportfull coverage And Iraq's big oil contracts go to ... Oil slides after British sailors released Making money on clean coal Kernel of truth for corn "The Chinese could announce something within the next few months" if all goes well with the oil law, said James Placke, a senior associate at Cambridge Energy Research Associates who specializes in the Middle East. Behind high oil and gas prices The Asian firms are at an advantage for several reasons. First, less constrained by Western sanctions during the Hussein regime, they've been operating in Iraq and know the country's oilfields, said Falah Aljibury, an energy analyst who has advised several Iraqi oil ministers as well as other OPEC nations. Aljibury said the first contracts likely awarded will be to the Chinese in the south central part of Iraq, the Vietnamese in the south, the Indians along the Kuwaiti border, and the Indonesians in the western desert.