Quote Originally Posted by Scrap View Post
Ive heard, tell me Im wrong. An American company is getting all the Oil Rights from Iraq, youll never believe who the Chairman of the compant is .
The original US plan was to appoint a US-friendly government by Iraqi exiles who were already on our payroll, who would write a constitution which privatised all of Iraq's natural resources (oil and dates ). Iraq's oil, the second-largest* reserve in the world would then be open for international firms to move in, and you can guess which country's firms would have got the lot -- the one whose military bases were keeping the appointed government in power. However this plan was blocked by an Iranian Ayatollah, who issued a fatwa ordering free elections and the winners to write the constitution. The Ayatollah's people, a bunch of Iranian exile terrorist groups, won the election and shockingly are now holding open bids on Iraqi TV to screw every available dollar from the bidding process. The winning firms so far (Chinese, French, British-American) are being forced to pay market andabove-market rates to get any contracts, but the vast majority of Iraq's oilfields either havn't or won't come up for bidding. It's believed that as soon as Iraq develops enough infrastructure to stand on its own two feet that they'll all get the boot and Iraq will produce all its own oil.

*And it may be even bigger than Saudi, the current largest. Iraq has huge areas that haven't even been prospected yet and may hold huge quantities. In either case, at a time when world demand is rubbing up against supply, Iraq is the only country in the world where oil production can be significantly increased. This makes it the most valuable real estate in the world.