Iraq's oil revenue not materializing-

[Neutrino]

http://www.atimes.com/atimes/Middle_East/EH12Ak02.html

The oil belongs to the Iraqi people. Sorry Dick Cheney, bad idea, bad.

[bif]

1. Way to go, George!

This will turn out worse than the 12 years of sanctions.

[quilp]

2. No oil revenues for three years. Who will pay the bill till then?

Do you need three guesses?

[Gloria]

3. Read an article last week about the situation

around Mosul (sorry, can't remember where..foreign press, of course, I was scanning for the WMW).

Anyway, the story recounted the tension between the local guy in charge (Iraqi) who's being pressed to get the equipment working. He was under orders to say it would be up and running NOW....he was saying "no way" it's going to be that soon...he was pretty fed up with the pronouncements from on high that things were rosy and the equipment would be working pronto.....

[xchrom]

4. oh yes

this is all going so fucking well.

[mike_c]

5. gee, why doesn't this surprise me?

Imagine that, the WH got it wrong....

[mmm]

6. I don't believe them

at all

[jpak]

7. Haliburton will be paid regardless of whether the oil flows or not

Your tax dollars at work...

[jackstraw45]

13. In support of Halliburton & Cheney

Well, I'm glad our tax dollars are supporting Halliburton shareholders:




http://biz.yahoo.com/djus/030808/1826000785_4.html
Plan Leaves Lion's Share of Iraq Oil Work to Halliburton
By John Biers and Andrew Dowell

NEW YORK -- The U.S. government's plan for restoring Iraqi oil production to prewar levels would leave most of the job to Kellogg Brown & Root, even as the U.S. Army Corps of Engineers takes steps to replace the controversial no-bid award to the Halliburton Co. unit.

(cut)

Halliburton Posts 2Q Profit, Helped by Mideast Projects
http://biz.yahoo.com/djus/030731/0818001081_1.html
Halliburton posts profit vs. year-ago loss
Halliburton Gets Added $292 Million Revenue From Iraq
http://biz.yahoo.com/djus/030731/1118001300_1.html

[mightywurlitzer]

8. " in mid-April various experts were

predicting that oil exports could resume in a matter of weeks"

Yet another lie sponsored by the BFEE.

[StandWatie]

9. They were after the '91 gulf war

Something is seriously wrong over there, someone is blowing up pipelines or jacking trucks or something or they would have the oil going by now.

[newyawker99]

20. Hi mightywurlitzer!!

Welcome to DU!! :toast:

[aquart]

10. Cheney thought it was a good idea to buy an asbestos company.

[Journeyman]

11. If this is true. . .

<snip>

But the cumulative effects of more than 20 years of underinvestment, mismanagement, neglect and lack of modernization due to sanctions have left Iraq's oil sector in a sorry state. Since before the war many US officials said reconstruction would be paid for by oil revenues, this is a huge problem.

<snip>

. . . and the "Oil Barons" in the White House were supposedly unaware of this situation, how in the world were they able to be so definitive about existence of "hidden" weapons?

[underpants]

15. Yes and how many ways did they plan on spending that money?

Reconstitute the Iraqi oil industry itself
Give it to the people
Pay for our costs of the war
Provide a return to Halliburton etc.
Rebuild the enitre Iraq infrastructure


I know there were more than that. Oh well I see the Bush crony capitalism economic model is alive and well.

[arcane1]

12. hmm, can we expect to be billed for the costs now?

and in 3 years nobody will remember that the plan was NOT for Halli to rake in all the profits....?

[AnnabelLee]

14. A trip down memory lane

Iraqi Oil Minister says Exports to Resume Within Three Weeks (5/24/03)

""It is a matter of a few weeks, and we can reach 1.3 or 1.5 million barrels a day," al-Ghadhban said at a coalition-sponsored news conference in the capital."

http://www.usatoday.com/news/world/2003-05-24-iraq-oil_x.htm

Edited to add quote

[leQ]

16. what puzzles me is

why the pre-war predictions didn't consider the 20 years of underinvestment, mismanagement, neglect and lack of modernization due to sanctions?

[underpants]

17. What puzzles me is what they will wsay when Gas prices shoot back up

This messy little war has cut and important SUPPLY ( they get all excited when someone mentions SUPPLY) and their chance to influence price is not there now.

[underpants]

18. The 5 P's

Prior
Planning
Prevents
Pisspoor
Performance.

[DeathvadeR]

19. got to love this part.........

L Paul Bremer said, when last in Washington, that "oil revenues are 100 percent of OUR budget", that means that the Iraqi council next year that is going to be responsible for the 2004 budget is going to be allocating a deficit, and a huge one at that.

[zekeson]

21. I predict

we will find out (might be this year, might be in 10 years) that the oil was pumping all along, and that it was being sold out the backdoor so that * and Poppy and all their buddies could make more green from the black purchased with red.