Iraq to up fuel imports for 2006

Iraq is planning on spending some $800m (£422m) on importing oil in 2006, to counter a fuel shortage, the government has said.

source

Wasn't Haliburton paid millions if not billions to get their oil infrastructure working? looks like that was a total waste then yet again

This is almost funny. The world's second largest known oil reserve country is having to import oil.

Haliburton Im sure are pumping out enough oil and sending it elsewhere to make their money.

The problem with the Iraqi Oils is more complicated than just having somebody pumping oil.

One of the problems that the Bush administration is facing with the Iraqi oil and their government is . . . that the requested privatization of it has been denied so far.

This doesn’t mean that American oil barons headed by Cheney’s Energy Task Force are not doing anything they can to get lobbyist of Iraqi born to influence the government into the privatization of the oil industry.

The big Barons backed by our government are holding the money for the reconstruction of the oil fields until they are given the sole rights to the oil.

Just because we do not heard much about the Iraqi oil it means that is not a big struggle going on.

US will need 4 billion dollars to restore oil production and 25 billions to help Iraq overall so the only way Iraq will get their oil pre war state it will be with the help of US oil barons but they will only invest with rights to the oil.

Big oil corporations want from Iraq the following.

1. Rights to oil reserves.
2. The chance to make large profits
3. They want tax and regulations in their favors.

For more information on what is in the planning for Iraq oil this link will help.

www.globalpolicy.org...

The oil companies seeking to develop in Iraq but no for the Iraqi people’s benefits are called ITIC, they are a corporate lobby group working to influence the Iraqi government.

Shell, BP, ConocoPhillips, Exxon and Chevron Texaco are part of the board of Directors.

Now with such a bright future for the Iraqi oil and what it means for the population now you understand why so many disruptions of the oil fields and pipes in Iraq are.

The people know what is planned and what they will be losing with their oil take over.

So what happened to their reserves?

My best guess is that they were looted and shipped off to the US to provide the current lower pice of gas at the pump you're seeing.

Iraq is getting raped... hard.
First their national tresury was plundered to the tune of $11 to $14 billion ($20 billion handed over to the US for reconstruction, $6 billion returned, best guess is that about $3 billion was actually spent on reconstruction) and now they've been stripped of their reserves.

Nice "liberation".