Hermit wrote:
FFS, just look at the "before" and "after" of it. Before the invasion the Iraqi oil industry was government owned and controlled, and just about all the fuel extracted was consumed inside that nation. After the invasion two American companies share the $150 billion drilling and exploration contracts. One of them, to nobody's surprise, is Halliburton. It gets half of those contracts. Also, the Iraqi oil industry is now controlled by Exxon, Chevron, etc, and 80% of the fuel gets exported.
And that's a problem how, exactly? Before the invasion the Iraqi oil industry was under the thumb of Saddam et al and the reason that just about all the fuel extracted was consumed inside Iraq is because it was pumping paltry amounts to begin with because it's government-run oil industry operated as efficiently as any government-run operation, which is to say abysmally, inefficiently, expensively and incompetently.
So, after Saddam was deposed and got his neck stretched and the new, democratically elected government
invited Exxon, Cheveron et al to come invest billions in exploration, drilling, extraction, transportation and processing of Iraq's oil, Iraq now has an important and much larger economic engine.
Are you under the mistaken impression that Exxon, Chevron et al performed their own "invasion" and "corporate coup" and are simply stealing Iraq's oil from the people of Iraq and not giving the country any of the profits?
Big Oil is Big Oil because it knows how to do oil in a big way, very efficiently and cost-effectively, and it doesn't much care where the oil is
so long as its investment in the massive infrastructure needed to get the oil is not in danger of being stolen by some despotic dictator. That's why Big Oil is in Iraq and not Venezuela. The government of Iraq is willing to cooperate with and ensure Big Oil that its investment in Iraq, which is massive,
will be profitable for everyone involved, including the people of Iraq.
The reason Big Oil is not in Venezuela is because the fuckwit Marxists who took control "nationalized" Big Oil's existing infrastructure, which means the government simply stole that huge investment, and then tried to run the oil industry on Marxist principles, which hasn't worked out at all for Venezuela, now has it?
Nations with oil reserves need the expertise and financial strength of Big Oil in order to get it out of the ground and to the marketplace,
which is why nations with oil reserves commonly contract with Big Oil to come in and provide the expertise and investment needed to do so.
You got a problem with that?
piscator wrote:See my comment on the Oval Office above. Foreign policy decisions are not made in a vacuum. Foreign policy decisions are made according to American interests. The American oil corporations are not the only interest to be taken into consideration, but they are big'uns.
And is there any good reason why American foreign policy decisions should not be made according to American interests? That is the sole and exclusive purpose of American foreign policy to begin with after all. While it might appear to you that American foreign policy decisions are made according to the interests of some other nation or nations, I assure you that American foreign policy decisions are
always supposed to be made according to America's interests. For our foreign policy officials, from the President on down, including Congress, to make foreign policy decisions that are NOT in America's interests is a little thing we like to call "treason."
One of my chief complaints against Obama and his minions' foreign policy decisions is that he is treasonously NOT looking after America's interests but is in fact giving away much of America's power and sovereignty by making foreign policy decisions that favor other nations' interests to the severe detriment of ours.
He should be tried for treason for these acts, right along with Hillary and Kerry, among many others.
The way it's supposed to work is that if your nation's geopolitical interests happen to align with ours and you're willing to cooperate for our mutual benefit, we are happy to do so for our mutual economic and political benefit. But if your geopolitical interests are opposed to ours, our interests take precedence in any policy decisions being made and you're just fucked if you don't like it.
That, as it turns out, is how the geopolitical policy decisions are made
by ever single nation on the face of the earth. Always have been, always will be.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth
© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.