What does everyone think now that Exon, BP and Shell are going to have full access to Iraqi Oil?

Question

Was the war in Iraq an excuse to grab Iraqi Oil for big profits for the Oil Companies and secure an American supply of Oil for the next thirty years.
Sources:
http://www.freemarketnews.com/WorldNews.asp?nid=31080
http://pressherald.mainetoday.com/viewpoints/stein/070110stein.html
http://baltimorechronicle.com/2007/010907Floyd.shtml
This is sad if true as death was due to those whose greed is for Iraqi Oil.

If the Oil will go to Europe then how about these profits for the Oil Companies, wake up some of you as you were blinded by the real reason for going into Iraq and it was Profits to be made from Oil.

Answer 1

Even reading this people will still deny BushOilCo is in Iraq for Plunder and Dominion over the Middle East. That 500,000 barrels of Iraqi Oil "disappears" every day and is sold on the black market is just one of those remarkable coincidences of modern life.

Answer 2

OK, next will be Saudi Arabia who should of been before Iraq! If your stealing Oil why not hit the country who supplied 15 of the WTC hijackers and toss out the protection treaty Roosevelt made! China is making big moves worldwide & in our backyard with control of the Panama Canel zone NOW plus plans to build a bigger new shipping canal south of Costa Rica. They are working this hemiphere's economics big-time!

Answer 3

Actually, the oil will probably continue flowing to Europe, like it always has. The problem has been that the Iraqi government has had problems maintaining the flow of oil.

The companies will likely have to invest major resources and will likely have to deal with attacks on the supply line, too.

And for those who haven't the least clue about economics, without the incentives of a long-term profitable operation, they would NOT go there at all.

Consider that there is considerable uncertainty about the long-term stability of the government, and safety of their investment. The 75% keeping of profits until their initial infrastructure investment is paid off is one of the incentives to them so they can have a smaller level of risk of losing their entire investment.

You can rail ignorantly all you want about the "Big Oil" bogeyman, but you're wrong.

Answer 4

I think if the war is about taking Iraqi oil, lets get to it. We have been there for how many years and not much oil has left the country. Lets stop wasting time trying to quell the violence, stabilize thier government and starting plundering.