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so tell us again that nasty dictators or alleged WMD's have anything to do with the invasion of Iraq by an Anglo-American force...?  an invasion that has happened before (Siege of Kut anyone?  though it was just the Brits that time) and was planned again in the 1970's, and again by the Dick Cheney Energy Task Force...

The difference between theory and practise in practise ...
by DeAnander (de_at_daclarke_dot_org) on Wed Jun 27th, 2007 at 06:49:26 PM EST
They don't seem to be doing a good job of controlling that oil though. And their strategy in the stans is in tatters.
by rootless2 on Wed Jun 27th, 2007 at 06:53:21 PM EST
[ Parent ]
And Exxon and Conoco just got the boot in Venezuela.
by rootless2 on Wed Jun 27th, 2007 at 06:54:19 PM EST
[ Parent ]
Chose the boot rather than Jr status.

I can swear there ain't no heaven but I pray there ain't no hell. _ Blood Sweat & Tears
by Gringo (stargazing camel at aoldotcom) on Wed Jun 27th, 2007 at 10:54:36 PM EST
[ Parent ]
Too bad, but on the other hand Conoco just said they would initiate a $15 billion share buy-back scheme. The lack of good oilfields to exploit, outside the Mideast, is not entirely bad. For us Conoco shareholders. ;-)

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Jul 11th, 2007 at 07:26:34 PM EST
[ Parent ]
It always was about oil. Reserves became inflated overnight by ~25% 30 years ago when OPEC production quota became tied to reserves, we are at peak oil, demand is skyrocketting and it'll get a lot worse, Iraq has the 2nd largest reserves of easily exploitable and unexploited oil on the planet, and Saddam was about to leave US oil corporations out of the deal.

Now, even if they can't get the oil out of the ground or to the ship for another 10 years, they have prevented it from being sold to the Chinese and the EU, and hopefully things will have cooled off by the time using iraqi reserves is absolutely necessary. At worse, it ought to be possible to balkanize Iraq and cut a deal with the kurds for ~1/2 of the pie. Even if the entire thing was solely to supply the military over the next couple of decades, which neocon would say it wasn't worth it?

by Fete des fous on Thu Jun 28th, 2007 at 02:07:55 AM EST
[ Parent ]

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