| directfiesta |
04-12-2003 11:00 PM |
Iraq a field of dreams for big oil firms
http://sympatico.globeandmail.com/se...atico-business
Quote from 1998 !!!!
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"Iraq possesses huge reserves of oil and gas ? reserves I'd love Chevron to have access to," ChevronTexaco Corp. chief executive officer Kenneth Derr said in a 1998 speech in San Francisco.
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The war for oil is only just beginning.
Three trillion dollars ? that's trillion, with a T ? in profits and royalties are up for grabs in Iraq as the world's largest oil companies vie for the rights to rebuild, expand and exploit the massive reserves in the country.
Hundreds of billions of barrels of cheap crude may lie beneath the sands of the Iraqi desert, waiting for the drill bits of Western companies that have been largely shut out of the country since the oil industry there was nationalized three decades ago.
The prospect of such a bonanza could hardly come at a better time for the big players in the global oil industry, who have long eyed Iraq's reserves and who face a tough task in replenishing their reserves of oil in order to maintain production and revenue.
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Your right ChrisH, it was not about oil, it was about WMD... Just so happens the oil is there to pick-up... What a luck...
Meanwhile, ...
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Thieves pillaged the Iraq National Museum, stealing or destroying artifacts going back 7,000 years - predating even Babylon. The loss resonated through Baghdad and around the world.
?This is Iraq's civilization,? said a tearful museum employee. ``And it's all gone now.?
At Emory University in Atlanta, historian Gordon Newby said: ?This is just one of the most tragic things that could happen for our being able to understand the past.?
The U.S. troops who entered Baghdad this week as conquering heroes were either unwilling or unable to stop
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http://sympatico.globeandmail.com/se...ympatico-front
Nice.
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