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Thread: Israel's strike against Iran is not a wise thing... Just in time...

  1. #11
    Trusted Member Cruthin's Avatar
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    Quote Originally Posted by BCG Jason View Post
    It supplies the biggest percentage of China's oil and they are bothered.
    Who mentioned anyone else, I am talking about ourselves, who cares about China?

  2. #12
    Trusted Member Cruthin's Avatar
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    Quote Originally Posted by Luigi View Post
    The US has virtually no control over Iraqi oil, most of Iraq's oil fields are state-owned, no doubt the US is getting something out of the Iraqi Government, but to say that the US went into Iraq solely for oil is a Conspiracy Theory and should be treated as such. 2.5% of oil imported for a war that cost the US over a trillion $ doesn't sound like good deal to me.
    I know most are state owned, however the US are heavily involved, and I think individuals are benefitting more than what America itself would. You know who I'm talking about?

  3. #13
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    Quote Originally Posted by Cruthin View Post
    I know most are state owned, however the US are heavily involved, and I think individuals are benefitting more than what America itself would. You know who I'm talking about?
    It depends on whether or not the US has a large presence in terms of contracts which allow them to use Iraqi Oil fields. Clearly their presence isn't as large as you seem to indicate, given the fact that 97.5% of American oil comes from sources other than Iraq.

  4. #14
    Trusted Member Cruthin's Avatar
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    Quote Originally Posted by Luigi View Post
    It depends on whether or not the US has a large presence in terms of contracts which allow them to use Iraqi Oil fields. Clearly their presence isn't as large as you seem to indicate, given the fact that 97.5% of American oil comes from sources other than Iraq.
    Yes I know what you're are saying, I'm talking about certain individuals who are using it for their own purposes.

  5. #15
    Trusted Member Road_Hog's Avatar
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    Quote Originally Posted by Luigi View Post
    Percisely, it's a bit like another myth that the US went into Iraq for oil. Well if they did, they didn't do a very good job of it, seeing as only 2.5% of American Oil imports are from Iraq.
    Let's look at some facts.

    "Oil reserves in Iraq will be the largest in the world according to recent geological surveys and seismic data."

    Oil reserves in Iraq - Wikipedia, the free encyclopedia

    Not forgetting that the UK was also involved in the war.

    "Baghdad, Iraq - While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain."

    "Iraq's supergiant Rumaila oil field is already being developed by BP, and the other supergiant reserve, Majnoon oil field, is being developed by Royal Dutch Shell. Both fields are in southern Iraq."

    Western oil firms remain as US exits Iraq - Features - Al Jazeera English

  6. #16
    Gardening Leave
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    Quote Originally Posted by Luigi View Post
    The US has virtually no control over Iraqi oil, most of Iraq's oil fields are state-owned, no doubt the US is getting something out of the Iraqi Government, but to say that the US went into Iraq solely for oil is a Conspiracy Theory and should be treated as such. 2.5% of oil imported for a war that cost the US over a trillion $ doesn't sound like good deal to me.
    Iran is doing what Gadafi had threatened to do. Get rid of the US dollar as a means of paying for Oil, instead he suggested Gold coins, it was his death sentence. As a reward the Libyan criminals who were called rebels were duly rewarded by the west, when the Libyan frozen assets were handed over to them for their use and I guess enrichment. I wonder how much of that cash has already started to flow to some nice secret accounts. Anyone noticed that the country is not being talked about as the so called Transitional Council are torturing and killing thousands of Gaddafi loyalist to this very day? How odd is that? If it had been the other way around our "leaders" would have been huffing and puffing.

    Gold, Oil, Africa and Why the West Wants Gadhafi Dead

    Is ?Gold? the Real Reason for NATO?s Action in Libya?

    http://www.agoracosmopolitan.com/new...0/23/1309.html

    Iran has already rejected the collar and except the Euro at the moment but are now moving into a Gold only system. This time the problem the USA has is Iran's good relationship with China and Russia. If the three form an alliance on energy...well, that will scupper any real sabre rattling by Obama and co.

    Iran Replaces The US Dollar With The Euro

    India to buy Iran oil in gold NOT DOLLARS! - Chinese Economy - China Forum

    India Buys Iran’s Oil in Gold Bullion; Dollar Drops; ‘Iran is Winning’ – Vitol, oil trader #1 (Reuters)*|*NewsRescue!

    March 20, 2012 - Iranian oil bourse will start trading oil in other currencies apart from the US dollar | Ron Paul 2012 | Peace . Gold . Liberty

    Ever wondered why the so called Rebels and the bad press Assad is getting comes from. All us bleeding hearts at the terrible devastation going on in Syria. Now we know why the Russians and Chinese want him to stay in power. The Chines will begin paying in Gold too. The USA is up to its chin in debt to China, and their gold reserves will soon be depleted if they are forced to pay for oil in Gold, instead of their near worthless currency.
    This is a serious situation where a sudden bad decision could plunge the World into a war over resources.

    Of course it could all be called a conspiracy theory, but we see every day on the news the fighting in Syria, that with Russian and Chines Vetos.will allow Assad to win the war on the rebels. Then we will see his revenge on the west when he follows suit.

    Of course the answer will be to follow suit and only except gold as payment for goods like food and other essentials Iran, Syria and Libya needs. It works both ways. Proper embargoes and controlled movement of commodities, with Gold as the only way of paying for goods will soon make a difference when such countries need to feed their people.
    Well I might be wrong, but it is what I would do. Going to War would not help, but a new kind of war, of attrition of gold reserves will soon bring about some kind of compromise.
    Gold, Platinum, rare Earth's and so on. Major commodities we need to continue our technology, consumer electronics, communications and so on. Take the metals and diamonds for our exports, we set up a market for our western selves and carry on.
    The Gold Standard is already shaking off the dust of ages.... mark my words.

  7. #17
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    Quote Originally Posted by Road_Hog;1337972[B
    ]Let's look at some facts.[/B]
    "Oil reserves in Iraq will be the largest in the world according to recent geological surveys and seismic data."

    Oil reserves in Iraq - Wikipedia, the free encyclopedia

    Not forgetting that the UK was also involved in the war.
    "Baghdad, Iraq - While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain."
    "Iraq's supergiant Rumaila oil field is already being developed by BP, and the other supergiant reserve, Majnoon oil field, is being developed by Royal Dutch Shell. Both fields are in southern Iraq."
    Western oil firms remain as US exits Iraq - Features - Al Jazeera English

    Indeed, let's look at some facts, and not the carefully constructed lies and propaganda dispensed by al Jazeera, for example this is their quote from your link :-
    "Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq's oil market," oil industry analyst Antonia Juhasz told Al Jazeera. "But thanks to the invasion and occupation, the companies are now back inside Iraq and producing oil there for the first time since being forced out of the country in 1973."
    That was a pack of lies, especially regarding being shut out of Iraq's market.
    Figures for American Crude Oil Imports from Iraq for the year before the war, and last year :-
    2002 = 460,000 bpd
    2011 = 391,000 bpd
    However, it has never provided a significant proportion of U.S imports, as Luigi pointed out.
    http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRIMIZ1&f=M


    I realise your post did not actually claim to dispute Luigi's statistics, but it gave that impression by raising irrelevancies, some of which I shall now counter.
    Facts [ whatever the flavour of the Iraqi government ]:-
    It needs all the money it can get to rebuild it's infrastructure
    It's major asset is crude oil, and to maximise it's profit, it needs to employ the most experienced and capable firms to find it and extract it and these are American - it does not follow that this oil will go to the US.
    Analysts point out Iraq drove a hard bargain with the oil companies, and opted for an international mix, with Russia and China, among others also involved, with some large U.S. oil companies missing out, which gives the lie to American manipulation.

  8. #18
    Trusted Member Road_Hog's Avatar
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    Let's not even bother to read your post Spector. As I've already said, you bore me, I have no wish to enter into a discussion with you, because you'll only drag me down to your level and beat me with experience.

  9. #19
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    Quote Originally Posted by Road_Hog View Post
    Let's not even bother to read your post Spector. As I've already said, you bore me, I have no wish to enter into a discussion with you, because you'll only drag me down to your level and beat me with experience.
    Head in the sand Hogwash
    Last edited by SPECTOR; 02-03-2012 at 01:37 PM.

  10. #20
    Trusted Member Roland's Avatar
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    Quote Originally Posted by Luigi View Post
    The US has virtually no control over Iraqi oil, most of Iraq's oil fields are state-owned, no doubt the US is getting something out of the Iraqi Government, but to say that the US went into Iraq solely for oil is a Conspiracy Theory and should be treated as such. 2.5% of oil imported for a war that cost the US over a trillion $ doesn't sound like good deal to me.
    No it's not a good deal for the average tax paying fool, it's a great deal if you are one of those that control the oil.

    However the war was not just funded by real money it was also funded by the Federal Reserves ability to print money from nothing, an ability it will lose if oil is not bought and sold in dollars not only will it lose it's world reserve status the american economy will collapse.

    So a trillion for a war is small money, as long as we are dumb enough to pay for it.
    "I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones."
    Albert Einstein

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