Quote:
Originally posted by Djinn Raffo:
Fact: Right now American based oil companies cannot buy Iraqi Oil.
Fact: After the war American based oil companies can buy Iraqi Oil.
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Fact: American oil companies are buying it at say $35.00 per barrel, when the price drops to fifteen, they will still have contracts and existing inventories they have to utilize that they paid $35.00 a barrel for. Its a mad dash by competitors to buy at $15.00 in order to royally screw the next guy over. ie.
I am BP: "HA-HA! We just nailed the Shell guys, at $25.00 per barrel refining etc."
Your second "fact" is a good thing. Since Iraq will need cash, and we will need oil. We both win, whilst we buy less from the our so called "friends" the Saudi's. Wait to see how much they are our "friends" when we finally develop hydrogen based fuel cells as well.
Prediction: We will once again be accused of "abandoning" a country, when thats not the case. They will still need alot of water, and we will have an enourmous surplus of such. Can you imagine them pulling up oil tankers, and leaving with our "waste product", good ole H2O? It will be a thing of beauty.