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Iraqi officials said this proved their independence from U.S. influence and that their two bidding rounds this year for deals to tap Iraq's vast oil reserves, the world's third largest, were free of foreign political interference.
The Oil Ministry on Saturday ended its second bidding round after awarding seven of the oilfields offered for development, adding to deals from a first auction in June that could together take Iraq up to a capacity to pump 12 million barrels per day.
"For us in Iraq, it shows the government is fully free from outside influence. Neither Russia nor America could put pressure on anyone in Iraq -- it is a pure commercial, transparent competition," said government spokesman Ali al-Dabbagh. "No one, even the United States, can steal the oil, whatever people think."
"The results of the bid round should lay to rest the old canard that the U.S. intervened in Iraq to secure Iraqi oil for American companies," said Philip Frayne, a spokesman at the U.S. embassy in Baghdad. The results run counter to predictions of some critics of the U.S.' 2003 Iraqi invasion, who envisaged domination of Iraqi oil by U.S. oil majors.
"We haven't really seen U.S. companies, and that is because of intense competition ... The issue is financial and technical and not at all political. This confirms Iraq can manage its oil policy and activities without politicization," said Thamir Ghadhban, a prime ministerial advisor and former oil minister.
Its still being sold in petro-dollars is it not ?
Did Saddam not threaten to use the Euro or another currency to sell oil internationally ?
Originally posted by Kokatsi
In my opinion, one thing is sure: the war was never waged or started for the single reason touted to the media: the Islamic WMD. That one is certain - GWB acted in bad faith. IMHO he should be tried alonmg with Cheney and Rumsfeld for mass murder.
Originally posted by jdub297
1. So what? Trade in commodities based in dollars does nothing for the US. Witness the rise in gold and the drop in the dollar. We get no "commission" for whatever currency it's traded in.
I wonder how much control over Reuters The US government have? the same as all other media perhaps? which would lead me to take what they say with a pinch of salt. In short I dont believe a word they say,
Originally posted by sos37
Originally posted by Kokatsi
In my opinion, one thing is sure: the war was never waged or started for the single reason touted to the media: the Islamic WMD. That one is certain - GWB acted in bad faith. IMHO he should be tried alonmg with Cheney and Rumsfeld for mass murder.
By that logic, everyone in Congress who voted FOR the war acted in bad faith as well. Blame one, blame them all. Bush was acting on the same intelligence data that Congress had.
[edit on 29-12-2009 by sos37]
Originally posted by Kaytagg
reply to post by jdub297
The war isn't about pumping oil from Iraq back to the USA, it's about having a strong military presence on top of the oil hub of the world.
It also gives us indirect (or direct) control over the second largest oil reserves in the world, which means if the SHTF, oil futures are protected.