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US to Hold Iraqi Oil Fields in Trust for Iraqi People

Discussion in 'BBS Hangout: Debate & Discussion' started by MadMax, Jan 22, 2003.

  1. MadMax

    MadMax Member

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    http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030122/ts_nm/iraq_oil_powell_dc_3

    U.S. Promises to Hold Iraqi Oil 'In Trust'
    Wed Jan 22,12:34 PM ET Add Top Stories - Reuters to My Yahoo!



    WASHINGTON (Reuters) - Secretary of State Colin Powell (news - web sites) promised that a U.S. military occupation would hold Iraq's oilfields "in trust" for the Iraqi people.



    In an interview with U.S. newspapers on Tuesday, released by the State Department on Wednesday, Powell said the Bush administration was studying different models for managing the Iraqi oil industry if the United States invades.


    "If we are the occupying power, it will be held for the benefit of the Iraqi people and it will be operated for the benefit of the Iraqi people," he said.


    "How will we operate it? How best to do that? We are studying different models. But the one thing I can assure you of is that it will be held in trust for the Iraqi people, to benefit the Iraqi people. That is a legal obligation that the occupying power will have," he added.


    Powell said the U.S. military would not want to run Iraq for long after a possible invasion but he declined to speculate how long U.S. troops would stay in the country.


    "There is no desire for the United States armed forces to remain in charge or to run a country for any length of time beyond that which is necessary to make sure that there is an appropriate form of government to take over from the initial military occupation," he said.
     
  2. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    nice article for those people who were saying that its all about the US wanting Iraqi oil
     
  3. Mr. Clutch

    Mr. Clutch Member

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    Yep, certain people need to read this.
     
  4. Achebe

    Achebe Member

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    We should figure out a way to undermine OPEC's power after we take over Iraq.

    We should also steal their recipes for Bhaba.
     
  5. Deckard

    Deckard Blade Runner
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    Can anyone spell "Protectorate"?

    It's an old-fashioned term. It may come back into vogue.
     
  6. Buck Turgidson

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    Forget the ghanoush, but if you wanna talk falafel & tabouli, you've got my support.
     
  7. Achebe

    Achebe Member

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    Buck, you're making me hungry.

    I wonder if Iraq also has those little pumpkin desserts, mmmm... or if that's just an Afghani thing.
     
  8. rezdawg

    rezdawg Member

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    Did you want them to say that the US will benefit tremendously from the takeover of Iraqi oil?

    Of course they are going to say what they did.

    After all, wasnt this supposed to be a war against terrorism?
     
  9. B-Bob

    B-Bob "94-year-old self-described dreamer"
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    Exactly. Sorry, but all this proves is that Powell is not an idiot. I like Powell, and I knew this. I hope every dollar earned from Iraqi oil goes to helping the Iraqi people, but he didn't say anything to that effect. ... Now, if only he promised to put Iraqi oil in a LOCKBOX... :D
     
  10. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    Why in the world would the US want to make Iraq a protectorate? Did they do that with Afghanistan?
     
  11. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    how would the US benefit tremendously? we don't get very much of our oil from iraq. we aren't going to sell iraqi oil. it is their oil...we have no rights to it.
     
  12. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    Well B-Bob we already give out massive amounts of aid to worthless regimes. I don't see why we wouldn't support a democratic regime in Iraq and steal their oil money. There is no reason for us to take the money from oil, because the government knows that if we don't create a stable democratic regime now then we will be paying for it later.
     
  13. Mr. Clutch

    Mr. Clutch Member

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    Hehe, yeah since the lockbox has no money in it...

    Still, even if the US makes some oil, to cover some costs I guess, it's still the Iraqi's oil and they will have it back. That should be enough to get the loony protesters to quiet down.

    And how would they make money off it- they would have to sell the contracts to pricate compines I think.
     
  14. rezdawg

    rezdawg Member

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    We may not have the rights to it, but do you think it will stop us? If the US takes temporary control of the oil fields, who is going to monitor what is done with the oil?
     
  15. Mr. Clutch

    Mr. Clutch Member

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    Bush will appoint someone like Powell who everyone trusts.
     
  16. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    The UN you silly goose. The US govt can't afford to screw up its already bad image in the world's eyes if it wants to continue fighting a multilateral war on terrorism.
     
  17. rezdawg

    rezdawg Member

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    Anytime someone is given a position of power, some type of corruption exists. This is true of a security guard at a mall, police officer, mayor of a city, governor of a state, and of course, a leader of a country. This holds true for Bush. I can bet you that he will find some economic gain through all of this.
     
  18. rezdawg

    rezdawg Member

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    I may be a silly goose, but 100% of the oil from Iraq will not benefit the people there. They may benefit from most of it, but so will the people right there taking care of the fields.
     
  19. B-Bob

    B-Bob "94-year-old self-described dreamer"
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    Sorry everybody. This was more fun when it was about food.
     
  20. Mr. Clutch

    Mr. Clutch Member

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    I seriously doub that he *personally* will find any gain through it. I mean that would be impeachable, and a President and future former President hardly needs the money.

    However I would agree that the bureaucracy that would be set up to control this trus would be very susceptible to corruption. Which is why, as a person who believes in limited government, I think we should find out ways to transfer it as soon as possible.
     

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