Wednesday, April 28, 2010

How does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?

I've seen this silly remark several times. How could it possibly be true?How does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
Oh no Bush and his pals have been making billions on it


maybe even trillion and more evenHow does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
Today, a panel of energy of experts testified before the House Energy and House committee.





“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”


http://www.marketwatch.com/news/story/ga…





Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.
Iraqi is up to about 1/4 of its production capacity . The sell of the oil is being overseen buy the start of the new goverment they are trying to figure out how to divide some of the pro ceeds to the Iraqi people.The U.S has nothing to do with it OPEC is in charge of thier production and sell. Show me were you can prove that Bush has made trillions from there oil other wise Im tired of the anti war talking points.My source I am 1 of many working on a new terminal to load the oil onto the tankers
The above question is totally false. We have many out here who love to repeat lies. You are totally correct, it is not true.





ps. The reason we are in an old crunch right now, is we in the USA have not been drilling. If we don't drill we don't have enough oil. FOLKS we need to drill and drill some more. Don't believe the lie that is being told. We nuclear, coal, oil and more oil, and more fuel efficient cars. Corn based ethanol is not the answer. The UN says food based fuel is a crime against humanity and hello, for once I agree with them.
Actually, they're supposedly pumping. There are a number of problems however. First, you have sabotage. That interrupts things to say the least. You have the problem of black marketing whereby the oil disappears down a rabbit hole. (Now how the US allows this I'll never understand.) And finally, you have the ongoing squabble of how to divide up the profits. Sunni, Shia and Kurd can't seem to just do 33% for each and have done with it. I would like to know why our govt is so quiet about this,though.
I think they've pumped it, just not sold any. Either way, it wouldn't help Iraq because it is US inflation that makes oil more expensive in the US, not elsewhere.
Iraq has never stopped pumping oil and selling it. I believe there at about 2.5 million bbl a day now and are expecting to pump 3 million in the near future.
Do your research. Iraq is producing over 2 million barrels a day
They've been pumping oil for years now.
Ah...but they have, they actually produced enough to expport for the irst time back in October 2007!
They are almost up to pre war levels.

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