Where's the Iraqi Oil? Halliburton f*cked it up. Maybe permanently

[charlie]

Since the effects of Dubya's cronyism are fresh in the public's mind, maybe now they can be persuaded to spare a few moments of their blinkered attention to the long running corporate cronyism in Iraq. Bush apparatchiks and Halliburton's KBR have boogered reconstruction so badly, a sizeable amount of Iraqi oil may be lost for good.

The failure to rebuild key components of Iraq's petroleum industry has impeded oil production and may have permanently damaged the largest of the country's vast oil fields, American and Iraqi experts say.

...

• Qarmat Ali water treatment plant. This massive pumping complex is needed to inject water into Iraq's southern oil fields to aid in oil extraction. Under a no-bid contract, KBR was instructed to repair the complex at a cost of up to $225 million, but not the leaky pipelines carrying water to the fields. As a result, the water cannot be delivered reliably, raising concerns that some of Iraq's oil may not be recoverable.

• Al Fathah pipelines. As part of the same no-bid contract, the U.S. gave KBR a job worth up to $70 million to rebuild a pipeline network in northern Iraq despite concerns that the project was unsound. In the end, KBR built fewer than half the pipelines, and the project was given to another contractor. The delay has aggravated oil transport problems, which have forced Iraq to inject millions of barrels of oil back into the ground, a harmful practice for the oil fields and the environment. A government audit is being conducted based on a complaint by a whistle-blower.

...

They said that rather than tapping Iraqi state oil company officials, the U.S. program was overseen by American officials with little experience in the oil industry. In an interview, one senior U.S. official managing part of the restoration effort jokingly described his knowledge level as "Oil for Dummies."

http://www.latimes.com/news/nationworld/world/la-fg-oil26sep26,1,3966954.story?ctrack=1&cset=true

[GetTheRightVote]

1. What a wasteful events in so many ways .....

:mad: :mad: :mad:

[JDPriestly]

2. Thanks for this post.

This is the most important incompetence story since Katrina.

[leftofthedial]

3. Brownie, you're doing a heck of a job.

(and you too, Kellogg and Root)

[fob]

8. HAHA! Cleverness thy name be leftofthedial!!

[strategery blunder]

4. I hope the Iraqi government kicks us out and sues Halliburton

for the current market value of every single barrel of oil that is now not recoverable.

We'll see how long $65/barrel oil lasts if Halliburton has to pay for it.:eyes: But our puppet government in Iraq needs to go first...

[charlie]

5. Final *kick*

The public may not be aware of this, but oil traders surely are. We're paying a Halliburton Oil Tax TWICE, through our treasury and at the filling station.

[slaveplanet]

6. This is a cover story

they can never get that oil....ya right , and I have a bridge for sale.


the invasion of Iraq was never about Saddam refusing to supply the oil.
The global oil mafia was pissed because he was readying to put more into production.

Since they were running out of excuses to keep him reigned in , they knew it was only a matter of time before something more drastic needed to be done.

The Iraq invasion was the drastic measure.

This whole fiasco was always about keeping the spigot off. They've done a masterful job, and they've used the blood of their customers and of those they consider worthless to acheive that goal...and people buy it up ...Hook , line and sinker

What they can't control they destroy... there is nothing new under the sun

[yella_dawg]

7. The war wasn't about Iraq pumping more oil

it was about them selling it for Euros. If oil is sold in anything but dollars, we are just so fucked.

Iran has been talking about oil sales in Euros. I'll bet the invasion plan is on Bush's desk to be signed the same day Iran signs an oil sales contract denominated in Eros.

[Joebert]

9. Isn't it April 2006 that Iran wants to have their own local bourse

or bidding market?

Rather than trading their oil in other markets, they can trade locally?

I may be mixing 3 stories, but I seem to recall this was the target date.

[fob]

10. That and he had just switched to the Euro in lieu of the US Dollar

And heaven knows cheney* wasn't about to let "old Europe" take HIS* stolen money THAT easily.