US sees Iraqi oil production choked for years

[leftchick]

http://www.mg.co.za/articlepage.aspx?area=/breaking_news/breaking_news__business&articleid=260957

Iraq has vast hydrocarbon potential that could rival major producers such as Saudi Arabia and Russia, but United States government analysts are predicting that Iraqi oil production development will remain thwarted for years to come.

Its enormous reserves of an estimated 115-billion barrels of proven crude are the world's third largest after those of the Saudi Kingdom and Canada.

As of December 2005, Iraqi net oil production was averaging a modest 1,9-million barrels per day (bpd) according to the latest country report on Iraq compiled by the US government's Energy Information Agency (EIA).

This is well below production levels of an estimated 2,3-million bpd in January 2003 just before the US-led military operation to bring down the Saddam Hussein regime.

[Inland]

1. Most incompetent war for oil EVER.

If the US is going to go to war to secure oil supplies, at least it should get some oil out of it before we are all consigned to hell. This war's a net oil NEGATIVE.

[ladjf]

4. A blundered attempt at grand larceny.

[chelsea0011]

19. The Alaska invasion is next.

[NanceGreggs]

2. Hmmm ...

Sounds like the Neo-Cons relied on 'bad intelligence' as to how easy it was going to be to provide 'freedom' to Iraqi oil.

No flowers and sweets provided out there in the oil fields? Not hailed as oil 'liberators'?

It's a terrible thing to realize you've been LIED to, isn't it?

[ladjf]

3. So much for oil revenues paying for Iraqi reconstruction.

[NanceGreggs]

5. Yeah ...

... where's Paul 'This War Will Pay For Itself' Wolfowitz on the topic?

[ladjf]

7. He's busy running the World Bank. The fox is in the hen house.

[HuffleClaw]

6. suuuuuuuure

they'll, real quiet-like pump it into us tankers at the same time they claim this. what a cute little convenient excuse for outright theft.

[Karenina]

16. Bingo!!!

They're pumping and loading unmetered oil as fast as they can while "Stay the course" holds up.

[Nordmadr]

8. This might very well be intentional. As the available oil to the world

becomes scarcer, that oil under Iraq will be much more valuable and in demand.

1) A back-up supply when things get scarce.

2) It will be incredibly VALUABLE $.

So we go in there, drop down the production of the oil, whether it be true or artificial, and then sit on it for a few years. Oh, by the way, we put our own stool pigeon in charge of the Ministry of Oil, since we couldn't set him up to run the whole country.

Olafr

[cliss]

15. I think so, too.

Oil is a precious resource. It's also a non-renewable resource. Once it's gone, it's gone.

Without oil, the United States goes back to the Stone Age. We will Kill For Oil. So yes, I believe they'd prefer to sit on it. "He who has the oil rules the world".

There's just one problem: the people sitting on top of it.

[leftchick]

17. yep

all going according to the plan.

[underpants]

9. Yes but let's compare this to the Oil for Food program...

Oh wait they don't want to do that either. Looks like this war is going to cost a TRILLION bucks and there will NO oil to show for it.

I actually agree with the poster above- suuuuuuuuuuuure

[TheFarseer]

10. maybe it was for the no-bid contracts

sure the oil thing didn't work out, but at least the neo-cons still got something. :sarcasm:

[NanceGreggs]

14. The War in Iraq ...

... biggest money-laundering scheme ever devised."

[plasticsundance]

11. Remember when Saddam's regime fell ...

They gave us all that bullshit on how in the coming months they would be pumping 2.7 - 3 million barrels a day. I would have to go to LexisNexis to do the date of the searches and what was said. By 2008, Iraq was supposed to be pumping out 5 - 8 million barrels a day.

No! Say it ain't so. More horseshit that came from the Administration.

If you go to the following site, you'll see the amount of activity against the Iraq oil industry.

Iraq Pipeline Watch

[Bob3]

12. it's the gang that can't steal straight

and is anybody surprised? does it shock anybody with a working fore brain that this gang of cretins can't get the oil fields to work. Has anything else they tired worked? No. Other than looting the Treasury (and they were able to do that only cause the money was right there in front of them when they tripped over their shoelaces) have they been able to do anything else? No. So of course the Iraqi Oil fields are a clusterfuck.

[maxsolomon]

13. proceeding according to plan

its ALL ABOUT THE OIL. we get it now, or in 40 years. its doesn't matter as long as we get it, and no one else does. iraq's oil can stay in the ground until SA, nigeria, venezuela are tapped out. then we suck iraq dry, with or without their cooperation. no one else gets oil from our colony.

in lord cheney's black heart, there is no alternative to petroleum in the foreseeable future. to explore alternatives is to admit weakness, you stupdid fucking hippies. we must conquer new supplies. ehtics & morals are for losers, not empires.

iraq was the only major supply other than iran (too daunting a target) out or our control. easy pickins.

[Disturbed]

18. Phase 1

"The terrorists want to control the oil. Our way of life will be at risk". George W. Bush (Nov. 2005)

Bush Regime Iraq Successes (Phase 1)

1. Saddam will no longer sell Iraqi oil via the Euro.

2, A military foothold in the ME. Other than Saudi Arabia.

3, No countries will be able to buy Iraqi oil that the U.S. disapproves of.

4. The Multi-Intl. Oil Corps are reaping great profits.

5.The Military Industrial Complex is a booming Industry.


Phase 2?

[Nordmadr]

20. Didn't you see? Phase 2 goes domestic. Civil Rights, Constitution,

propoganda machine, etc.

Don't forget the upcoming energy crunch.

Olafr