U.S. to begin selling Iraqi oil for $50 per barrel, page 1

It's ALL B.S.

Here's some FACTS to consider:

1) We went to Iraq because sadaam was going to squeeze the U.S. out of OIL by making deals with CHINA, FRANCE and RUSSIA. The Ink was laid down but hadn't dried yet!
Had this come to pass the U.S couldn't attack without going to war with these other nations! Bush "Had" to act quickly.

2) The U.S. has strategic oil plans in Afghanistan and the U.S. presence in Iraq made sure we had the muscle in place if Russia decided to defend "it's own interests!"

3) The U.S. Oil companies were looking for the price of oil to rise dramatically so they could afford to explore and drill domestic oil resources.

1999 a U.S. geologist provided a write up on the willistin basin in the central U.S., he died shortly after.

His papers were held by the USGS for 9 years and they "refused" to release anything on them until NOW. This has been in the news since early April because the Bakken reservoir(in the williston basin), as he calculated, holds more oil than Saudi Arabia.

In the 80's and 90's the U.S. Gov purchased a lot of the oil bearing lands in the U.S. and kept the facts about our national reserves out of the news!

Do the math people, if The people of the U.S. KNEW we were sitting on oil reserves greater than that in Saudi Arabia they would never been held hostage by opec during Bush's time in office.

How good "IS" your memory really?

Before "Peak oil" and OPEC were the scape goats for the price of oil, it was burning refineries, then hurricanes and "everyone" bought into these B.S. excuses, then it became OPEC's fault and finally opec and Peak oil.

Meanwhile the big 3 oil companies are raking in over $124 BILLION DOLLARS of PURE PROFIT per year.

IF BUSH ALLOWED OIL TO BE SOLD AT $50 BBL HE WOULD BE SHOOTING BIG U.S. OIL IN THE BACK, that's not likely to happen since he will be riding that wave when he get's out of office, along with Dick Cheney and Condoleza Rice.

4) OPEC would retaliate by lowering their prices and making their sales to CHINA, INDIA, RUSSIA and the M.E. dynamics would change drastically.

THE ONLY THING that would prevent #4 from occurring is "IF" Bush's relationship with the Saudi family really is his meal ticket

Originally posted by RabbitChaser
Ok -- now the catch... the source for this is halturnershow.com...

I will say he was talking about food shortages/riots before I started seeing things pop up in the news and at ATS... only caught his show twice, so please people, do not label me a racist. I am far from it. Here's the entire write-up to save you from going there if you wish not to. He usually gives a link to his source, but there is not one with this "article"

And this seemed the logical place to post -- please move if deemed appropriate elsewhere.

"********* BREAKING NEWS *********
U.S. TO BEGIN SELLING IRAQI OIL FOR $50 PER BARREL TO EARN BACK WAR COSTS AND FORCE OPEC TO DRIVE DOWN PRICES
ALL IRAQI PIPELINES AND PRODUCTION FACILITIES SAID TO BE COMPLETELY PROTECTED AND READY TO PUMP!
The U.S. is going to offer the oil to companies on the condition they agree to sell refined products in the US and Iraq-war-coalition countries ONLY, at about half price we're paying now.

In addition, contracts for this half-priced oil will NOT be "let" through any Mercantile or Commodity Exchange or Oil Bourse where speculators drive-up oil prices to enrich themselves! The sales will be done directly between the US and Oil Companies.

Iraqi oil output is presently around 2.7 million barrels per day (bpd) and, according to sources familiar with this change, the US expects output to be at 3 Million bpd very soon.

Having that much cheap oil pouring into the biggest customers it is thought, will force OPEC to bring down prices or face losing a very large chunk of the biggest oil markets."

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[edit on 8-4-2008 by Gemwolf] [/quot