Oil and the Iraq Withdrawl

Oil and the Iraq Withdrawl

There are 77 comments on the wsws.org story from Jul 4, 2009, titled Oil and the Iraq Withdrawl. In it, wsws.org reports that:

It is fitting that today's deadline for the withdrawal of US troops from Iraq's cities coincides with a meeting in Baghdad to auction off some of the country's largest oil fields to companies such as ExxonMobil, Chevron and British Petroleum.

Join the discussion below, or Read more at wsws.org.

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“Peace, Justice, Honesty, Adab”

Since: Mar 09

Location hidden

#1 Jul 4, 2009
"In an apt analogy, Larry Goldstein of the US-based Energy Policy Research Foundation told the New York Times last week:“Asking why oil companies are interested in Iraq is like asking why robbers rob banks—because that’s where the money is.” Iraq’s total oil reserves are estimated to be at least 115 billion barrels. Its reserves of natural gas are at least 3.36 billion cubic metres.

Millions of people around the world understood in 2003 that the claims of the Bush administration and its international allies about Iraqi weapons of mass destruction and links to terrorism were threadbare lies promulgated to justify the plunder of the country’s oil wealth. The claim by the Obama White House that it is continuing the occupation to consolidate “Iraqi democracy” is also a lie."

Blood on the hands of the Bush administration

Since: Nov 08

Cologne- Germany

#2 Jul 4, 2009
I vouchsafe/endorse/uphold Abu Najda's views without ifs and buts.
But I feel so sorry for the innocent dead people of Iraq.

USA's worst history is to hug Sadam hussain and without any rational reasons butchering, torturing, maiming, looting the innocents.
It is high time that they should chase out the uninvited guests in the name of democracy

“I love my total freedom..do u?”

Since: Nov 08

Jellystone National Park.

#3 Jul 4, 2009
The world consumes around 85 million barrels of oil every day .. yes every day ...

So with the Iraq reserves of 115 billion ... that equates to ... basic maths.

115,000,000,000 (oil reserves)/ 85,000,000 (consumed per day)= 1353 .... now divide that by 365(days of the year)... and guess what ... that gives the world a whole ... 3.7 years of oil ... at the current rate of consumption. Its not long at all ...

And just remember that crude oil is used in every single thing we use in this world .. not just for putting in our cars to make them go ... but every single piece of plastic... to grow our foods (pesticides).... etc etc etc...

The article is just one person's point of view regarding why they think the Bush Admin sent troops into Iraq ....
Goat Herder

Liverpool, UK

#4 Jul 5, 2009
AthiestOz wrote:
The world consumes around 85 million barrels of oil every day .. yes every day ...
So with the Iraq reserves of 115 billion ... that equates to ... basic maths.
115,000,000,000 (oil reserves)/ 85,000,000 (consumed per day)= 1353 .... now divide that by 365(days of the year)... and guess what ... that gives the world a whole ... 3.7 years of oil ... at the current rate of consumption. Its not long at all ...
And just remember that crude oil is used in every single thing we use in this world .. not just for putting in our cars to make them go ... but every single piece of plastic... to grow our foods (pesticides).... etc etc etc...
The article is just one person's point of view regarding why they think the Bush Admin sent troops into Iraq ....
Interesting that you think the Bush Admin's motivation for regime change in Iraq was not oil. How much does the US consume in a day compared to others?

Also, your figures are hardly credible. This would mean what? The Iraqi oil is used up in a day?

“Facts, not fiction”

Since: Apr 07

Earth

#5 Jul 5, 2009
Abu Najda wrote:
"In an apt analogy, Larry Goldstein of the US-based Energy Policy Research Foundation told the New York Times last week:“Asking why oil companies are interested in Iraq is like asking why robbers rob banks—because that’s where the money is.” Iraq’s total oil reserves are estimated to be at least 115 billion barrels. Its reserves of natural gas are at least 3.36 billion cubic metres.
Millions of people around the world understood in 2003 that the claims of the Bush administration and its international allies about Iraqi weapons of mass destruction and links to terrorism were threadbare lies promulgated to justify the plunder of the country’s oil wealth. The claim by the Obama White House that it is continuing the occupation to consolidate “Iraqi democracy” is also a lie."
Blood on the hands of the Bush administration
Plundering oil wealth? 115 billion barrels at 60 dollar a barrel is a mere 6 trillion. Yes, a mere 6 trillion, considering that the war will cost the US an estimated 1-1.5 trillion and considering the fact that the companies will pay Iraq, in the end, huge amounts of money to actually exploit the oil fields. Also consider that there is absolutely no certainty that US companies will get to exploit any oil fields (and certainly not all) and that only 43 billion barrels of oil fields are being opened for bidding, and what is the conclusion?

The conclusion is that people are idiots if they claim that oil was the reason to invade Iraq.

“Facts, not fiction”

Since: Apr 07

Earth

#6 Jul 5, 2009
Goat Herder wrote:
<quoted text>
Interesting that you think the Bush Admin's motivation for regime change in Iraq was not oil. How much does the US consume in a day compared to others?
http://www.nationmaster.com/graph/ene_oil_con...
Note, however, that most of US oil comes from sources *other* than the Middle East.
Goat Herder wrote:
<quoted text>
Also, your figures are hardly credible. This would mean what? The Iraqi oil is used up in a day?
As our resident ozzie calculates, 3.7 years. Do realise, however, that Iraq is (still) a minor player on the world market:
http://www.nationmaster.com/graph/ene_oil_pro...
Several countries on that list have reserves similar to those of Iraq

“... truth will out.”

Since: May 08

Stratford, Connecticut.

#7 Jul 5, 2009
Marco the atheist wrote:
... The conclusion is that people are idiots if they claim that oil was the reason to invade Iraq.
Bush himself remarked that Saddam had attemptd to assasinate his father when he visited the region during the Clinton administration.

Blood is thicker than both water and oil.
Tinkerbell

Smyrna, TN

#8 Jul 5, 2009
Joe DeCaro wrote:
<quoted text>
Bush himself remarked that Saddam had attemptd to assasinate his father when he visited the region during the Clinton administration.
Blood is thicker than both water and oil.
Obamas father was a muslim who disowned him at a young age. Things could get interesting...again.
passerby

Hamilton, Canada

#9 Jul 5, 2009
Ramafuchs wrote:
It is high time that they should chase out the uninvited guests in the name of democracy
It was the "uninvited guests" who gave Iraq this chance at democracy.

As for the oil being the sole reason for invasion, well I'm sure it was only one of many reasons.

Having said that it does all start with energy resources and potential threats to the USA.
Tinkerbell

Smyrna, TN

#10 Jul 5, 2009
passerby wrote:
<quoted text>
It was the "uninvited guests" who gave Iraq this chance at democracy.
As for the oil being the sole reason for invasion, well I'm sure it was only one of many reasons.
Having said that it does all start with energy resources and potential threats to the USA.
Exactly. There were many reasons and they were all valid.

Since: Nov 08

Cologne- Germany

#11 Jul 5, 2009
Passerby
Thank you.
I hope you understand my faulty english.
USA has lost its image because of Iraq war under our noble comrade Bush.
Now a new person is at the helm of affairas.
He wish to uphold the American misadventure in afganisthan.

I feel pity for those who dream and wish CHANGE and HOPE
passerby

Hamilton, Canada

#12 Jul 5, 2009
Ramafuchs wrote:
Passerby
Thank you.
I hope you understand my faulty english.
USA has lost its image because of Iraq war under our noble comrade Bush.
Now a new person is at the helm of affairas.
He wish to uphold the American misadventure in afganisthan.
I feel pity for those who dream and wish CHANGE and HOPE
What would you have the UN/USA do in Afghanistan?

Since: Nov 08

Cologne- Germany

#13 Jul 5, 2009
You know half naked fakir( Gandhi)

Consumerism is a corrupt culture which make the life of 80 percent of people as pathetic non-entity.

UN without USA is a system without POWER.

If I were Obama or Moon i would avoid all this nonsense in the name of 11th sept.
Let the blood of the people wash the intellectuals toilet
DaveC

Carlsbad, CA

#14 Jul 5, 2009
Ramafuchs wrote:
You know half naked fakir( Gandhi)
Consumerism is a corrupt culture which make the life of 80 percent of people as pathetic non-entity.
UN without USA is a system without POWER.
If I were Obama or Moon i would avoid all this nonsense in the name of 11th sept.
Let the blood of the people wash the intellectuals toilet
Let me help clear up some ignorance here. Read Osama’s 1998 declaration of war and you should understand that while Iraq had nothing to do with 9/11, 9/11 had a lot to do with Iraq.
http://www.pbs.org/newshour/terrorism/interna...
According to the terms of the 1991 ceasefire (UN Resolution 687), Saddam was suppose to comply within 15 days.

http://www.fas.org/news/un/iraq/sres/sres0687...
Twelve years later he still had not complied and in an interview before he was hanged he admitted that he was more afraid of his enemies finding out he no longer had WMDs than he was of a US invasion. He never intended to disclose or abide by the terms of the ceasefire. It was Clinton who decided that Saddam was a threat to the region and called for regime change in 1998, so if you think it was only Bush’s idea to remove Saddam, then you are wrong. Bush gave Saddam an ultimatum hoping that Saddam would finally comply. Bush even offered Saddam and his sons “safe passage” out of Iraq in order to avoid invading. Despite the ultimatum, Saddam said he didn’t believe Bush would invade (Clinton never did). Saddam said that the worst he thought would happen would be some missile strikes, but the problem with ultimatums is that sometimes you have to follow through and Bush did.
Wars are very costly both in lives and money. Saddam would gladly have sold us all the oil we wanted for whatever price we wanted and with changes in technology and new oil discoveries, invading Iraq for oil would be like going to war with Europe over the rights for a trans Atlantic railway. There may be more oil in the Gulf of Mexico than in Saudi Arabia. There is a mountain of methane at the bottom of the Gulf of Mexico that could provide energy for the US for the next 30 years. We have discovered that there is more oil in North Dakota than in Texas. We can generate clouds of hydrogen which is one of the most flammable and plentiful elements in the universe. We are not close to running out of oil and hopefully within the next 20 years it will be more or less worthless.
DaveC

Carlsbad, CA

#15 Jul 5, 2009
Ramafuchs wrote:
You know half naked fakir( Gandhi)
Consumerism is a corrupt culture which make the life of 80 percent of people as pathetic non-entity.
UN without USA is a system without POWER.
If I were Obama or Moon i would avoid all this nonsense in the name of 11th sept.
Let the blood of the people wash the intellectuals toilet
BTW—Communist (people who claimed to be Socialist) killed more people in the last century than all the fascist, religious screwballs and democracies combined.

Since: Dec 08

Location hidden

#16 Jul 5, 2009
people don't seem to be very widely aware of the fact saddam hussein was about to switch iraq's oil trading currency to the euro shortly before the invasion.

http://www.time.com/time/magazine/article/0,9...

i don't have any solid evidence that this was a reason for the invasion, but it makes sense.

oil being traded in US dollars helps keep the greenback at a higher value then it would otherwise be by keeping the US dollar in circulation through foreign economies. and of course the benefits of having a higher valued currency are obvious, this allows american companies to buy up resources and other companies from foreign countries at a lower cost.

if saddam hussein had been allowed to switch iraq's oil trading currency to the euro, it likely would've set off a tidal wave of other countries following suit. this would've been disasterous for the US dollar and in turn disasterous for the US economy.

and if you look at which european countries were against the US invasion, mainly france and germany, you see a correlation in that those countries all had intrests in iraq switching to the euro. in fact just before the 2003 invasion, france had just finished "negotiations" (usually means bribed) with saddam hussein to develop two very large oil fields in the south of the country.

so with all that said, i don't think the invasion was "for oil" so much as it was to protect america's interests in the oil market by making an example of saddam. to date not one country has switched its oil trading currency to the euro.

Since: Dec 08

Location hidden

#17 Jul 5, 2009
Ramafuchs wrote:
Passerby
Thank you.
I hope you understand my faulty english.
USA has lost its image because of Iraq war under our noble comrade Bush.
Now a new person is at the helm of affairas.
He wish to uphold the American misadventure in afganisthan.
I feel pity for those who dream and wish CHANGE and HOPE
i disagreed with the iraq war, but afghanistan was a legitimate conflict. the US had every right to strike back at those who were harboring the people responsible for 9/11. the US even got support from the UN and NATO for the invasion of afghanistan. the invasion of iraq clouded peoples view of what the original intent of the afghan invasion was supposed to be. this unilateral action by the US squandered the sympathy and support america had received after 9/11, this was a major mistake.

Since: Dec 08

Location hidden

#18 Jul 5, 2009
Abu Najda wrote:
Blood on the hands of the Bush administration
i was never a fan of bush either. but lets be honest here abu, bush didn't ask the insurgents to kill tens if not hundreds of thousands of iraqi's. only your religion can be blamed for that.

“I love my total freedom..do u?”

Since: Nov 08

Jellystone National Park.

#19 Jul 5, 2009
Goat Herder wrote:
<quoted text>
Interesting that you think the Bush Admin's motivation for regime change in Iraq was not oil. How much does the US consume in a day compared to others?
Also, your figures are hardly credible. This would mean what? The Iraqi oil is used up in a day?
Figures hardly credible ... oh please ... its people that dont want to know exactly how much oil is consumed on a daily basis by everyone ....

Do some research and you will see ... and it might state 115 billion barrels of oil .. but they wont be able to extract all of it ....

They are doing a bidding war to see who will pay the most ... and this will hike up the price we all pay for every single thing we use and eat.

The US uses about 20 million barrels per day ... but here are some basis statistics ....
http://www.nationmaster.com/graph/ene_oil_con...

http://abcnews.go.com/WNT/story...

**Oil-producing Arab nations used oil as a political weapon in 1973, and their reduction of exports caused a global energy crisis**

http://www.oilforfoodfacts.org/smuggling.aspx

Hussein was in violation of UN sanctions ... but people dont seem to care about that ... all they seem to worry about is about the Bush admin ... as well as OTHER countries ... going into Iraq ... and bringing an end to the Hussein regime ...but forgetting that it was better for that country in the long run ....

If you are not worried about oil and the oil crisis that is happening ... and how peak oil has been reached (hence we are now on the downward side of things)... then just think on how your life will be without oil .. and all that it gives the world ....

Too many people will critize a government for 'invading' to topple regimes ... but instead sit back ... think they have a cozy little life ... until all the 'shit' hits the fan .. because they think it has nothing to do with them ... but in fact .. it affects all of us ... all around the world.
Jamie

Canberra, Australia

#20 Jul 5, 2009
Finally, the quest for oil may also turn out to be a mirage.

This week, Iraq's oil minister, Hussain al-Shahristani, a U of T graduate, put development rights up for international bidding. No more no-bid contracts for U.S. firms, unlike under the Bush-Cheney domain.

Nor did George W. and Dick get what they wanted out of the Status of Forces Agreement. Passed by the Iraqi parliament last fall, it stipulates that all U.S. troops must be out by Dec. 31, 2011. No U.S. military operation can be carried out without Iraqi consent (a provision Hamid Karzai can only dream of). Iraqi soil cannot be used by the U.S. to launch a war on any neighbour (Iran).

Iraq is the imperial adventure that both Stephen Harper and Michael Ignatieff, one a neo-con hawk and the other a liberal hawk, fully backed. A monumental failure in judgment, their common stance was, and remains, an affront to the collective will of Canadians.

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