Will America ever make a profit from the war in Iraq?

Question

I was watching PBS, and they said the Iraq has more untapped oil than saudi arabia. And that the iraqi government will give 3/4 of that oil to american countries.

Obviously, this will benefit bush(GOD I HATE BUSH!!!), but will america make a profit. Will we as a country as a whole make more money from the oil than the costs to obtain it(military presence costs etc...)?

the end of the first paragraph should read "American companies."

Srry for the typo

Answer 1

The thing is, the oil companies who stand to make that profit are not -American- companies. Large corporations today don't have any particular national allegiance. They are active all over the world. That's part of the idea of 'globalization', to allow large, powerful corporations to search the world for cheap resources, cheap labor, and rich markets. So even if they -do- make good profits, they aren't really American profits.

But enormous profits are being made off this war, not just by the oil companies. Halliburton is doing very well. And Bechtel. And Blackwater. One of the main reasons for the war was to allow Bush to shovel taxpayer money at his friends, campaign contributors and the well-connected. For the rest of us it means huge debt and probably a coming wave of double-digit inflation.

Answer 2

America as a whole will be paying for this war for years to come at NO profit to the country as a whole. Now a certain 3% will make mega profits from oil contracts and no bid reconstruction contracts..........makes Bush and Cheyney smile at the thought of their retirement years being paid for by the sweat and blood of the US service man and woman.....what the heck do they care, as most service personnel are from the remaining 97% and not equal to their social standing in that 3%.

Answer 3

Sadam Hussein develop right into a bad citizen of the planet. the full reason of the war develop into to do away with him from capacity. He waged a decade-long war against Iran, gassed/killed hundreds of his very own human beings, invaded neighboring Kuwait, looted that united states of america, murdered Kuwait voters, lobbed scud missiles into non-participant Israel throughout the 1st Gulf war, and torched oil rigs into the undesirable ecological disaster throughout the time of his retreat back to Bagdad. i'm unable to think of *why* the UN authorized him to stay in place of work after the 1st Gulf war. The Iraqui voters had no thank you to do away with him from capacity... the elections there have been an absolute comedian tale and any opposition to him met the acceptable penalty. i'm not prepared on what's going on in Iraq right this moment, yet removing Sadam Hussein develop into the acceptable element to do. i'm particular that the U. S. troops might leave if the voters of Iraq stopped blowing one yet another up and supply up attacking US troops. yet perhaps it rather is much less annoying for Islamic militants to salary war on the U. S. by utilising utilising those procedures to maintain US troops interior trouble-free variety? those are actually not chuffed days.

Answer 4

What do you mean by America? I guarantee that Big Oil will make the profits. Otherwise financially, it's a loss that will surface once Bush leaves office.

Answer 5

This war was designed so certain companies will get the profit out of it (oil companies, weapons manufacturing companies). At the and all the money will end up in the accounts of certain people who planned this war. Americans will get nothing other than sending their tax money and children to Iraq.

Answer 6

No. American companies might but it's wrong.

Please tell me that my fears are wrong and unfounded. I don't think the prospects are good for America. I think hope is waning.

The trickle down theory doesn't work. It's really ridiculous actually. I may as well throw money on lottery tickets. Maybe I'll make back what I throw at it. (Not likely.) I've never bought a lottery ticket and I never will. I gambled once at Las Vegas (very small amount, with a bunch of guys) and never will again. Never. What a waste.

Answer 7

America won't, we have a trillion dollars added to the National Debt because of the war. Only Halliburton and other large contributors to the political parties will benefit.

Answer 8

The true nature of the war OF terror is unfolding day by day. However we still have the blind head in the sanders that will talk about freedom, getting rid of a Dictator, Democracy etc etc....

OIL, OIL, OIL.... Yes I agree 100% with your sentiments.

Answer 9

in theory yes. in practice, no. some who claim american citizenship will greatly profit.

Answer 10

I honestly hope not. The war is criminal and unnecessary, and noone deserves to benefit from it. I sincerely hope that Iraq gives its oil to China in order to spite the US.