US to Hold Iraqi Oil Fields in Trust for Iraqi People

Mr. Clutch and Robbie - I can't believe you're spending so much effort debating against posts like this... I guess if Rez is willing to "bet" on it, then he's right...sigh.

It's almost like some liberals WANT the US to profit from the oil, just so they can back up their rants about "no war for oil!!!"... Plus it would give them more to bash Bush about, which I think is all many (although not all) care about in the first place.

 

Texxxxxxx, my family contributes money to the Republican party, particularly Bush. This is not a "rant" about "no war for oil". Its about what I know. The US is going to war for the wrong reasons.

Personally, I could care less who is at power as long as they act as a leader in public and in private. As far as Im concerned, Bush is a different person behind the scenes.

 

I wouldn't mind some "economic gain" out of this. Heck, I wouldn't expect the Iraqi people not to gain from this either. As long as we're not leeching off them like Walmart is treating their employees... I only wish we wouldn't be as cloudy with our intentions.

 

Just because it is held in trust for the Iraqi people doesn't mean the USA won't benefit from it! The US will probably exert significant influence over the sale, and in there are two likely outcomes.
a) Price of oil will drop
b) OPEC will be threatened and may break up

Both BIG benefits to the USA.

 

I'm stupified, B-Bob. Usually your thread derailing powers are used for good, not evil. Try to be more careful.

 

Dont tell me you think the US wont profit from it. It may go to the benefit of Iraqi people, but the US will find economic gain from it.

 

Thanks, MadMax. I think you just illustrated what a "Protectorate" is, for the uninformed.

And Colin Powell is going to resign as Secretary of State to "run" Iraq for awhile??

Right.

 

And if you believe this, Colin Powell has some nice beachfront property to sell you...in Nebraska.

 

I know, I know. Even people with superpowers have bad days. I've got to quit abusing my amazing gifts.

Let's see... Madmax, so if this is going to be a legal "trust," what happens if, say, Bush and Blair go through a nasty divorce, if Tony decides to quit being Dubya's beeotch? Who gets to supervise Iraq's oil in that case? Will it be an ugly court battle? Televised perhaps?

 

Of course thats not going to happen, but that 5% you speak of is still money in the tune of billions.

 

Well,

If we are going to war, then to the victor goes the spoils.....and if we can help the Iraqi people out, then more power to us.

Not to mention break Opec's back and keep the Arabs in line.

DD

 

It is all about Bush wanting OIL!!!

He wants his cut of it. You are completely missing the point!!

 

The London Times addressed this question today. Their editor's opinion was simply that he was certain that there would be a few lucrative, overly-generous oil contracts awarded to US companies, but that our handling of the issue would be mostly benign. This seems persuasive to me. I have trouble believing that our government won't take at least a little advantage of direct access to all that oil. However, if the US really abused occupation of oil fields, then we really would take a beating in the international community that might actually affect us. France and Germany are showing actual backbone for the first time in a long, long while (even if it essentially is just bull**** gamesmanship). Believe it or not, we really don't want to completely fracture the Western alliance, which might very well be important to us again in a couple decades.

 

Okay, You hit the nail on the head. Here it is. Bush sells the Oil to US companies with some sort of an agreement for "under the table" money. A kickback/rebate of sorts, in billions of dollars.

Over and Out.