On Apr 8, 8:24 am, wrote:
On Apr 6, 1:46 am, mg wrote:



On Apr 5, 8:06 am, wrote:

On Apr 5, 7:16 am, mg wrote:

On Apr 1, 6:34 pm, wrote:

Oil chiefs say high prices not our fault

By H. JOSEF HEBERT, Associated Press Writer 1 minute ago

. . .

"On April Fool's Day, the biggest joke of all is being played on
American families by Big Oil," Rep. Edward Markey, D-Mass., said,
aiming his remarks at the five executives sitting shoulder-to-shoulder
in a congressional hearing room.

"Our earnings, although high in absolute terms, need to be viewed in
the context of the scale and cyclical, long-term nature of our
industry as well as the huge investment requirements," said J.S.
Simon, senior vice president of Exxon Mobil Corp., which made a record
$40 billion last year.

. . .

On October 10, 2002, Rep. Edward Markey, and others, voted for HJ RES
114, the Iraqi War Resolution. As a result, George Bush destroyed
Iraq's government and it's infrastructure and took them back to the
stone age, thus insuring that Iraqi will not be able to develop it's
vast oil resources for a long, long time to come. And also insuring
that Bush and his oil Nazis will be laughing all the way to the bank
for a long, long time to come.

The biggest joke of all didn't occur on April Fool's day. It occurred
on October 10, 2002 when Rep. Edward Markey voted for the Iraq War
Resolution.- Hide quoted text -

- Show quoted text -

OK, after all the emotion, time for a reality check. Iraqi oil output
is now in the range of 2.3 to 2.5mil barrels per day. Before the war,
it was at 3mil and their record was 3.5mil. Hardly the picture
painted above, so who's the biggest joke now? Also, it's quite
amusing how Bush gets blamed by the loonies for having sinister
motives for everything. In the case of oil, it's now Bush's fault
both ways. Usually, it's that the motive for the Iraq war was to get
their oil. This time, it's that it was to eliminate their oil.

http://news.bbc.co.uk/2/hi/business/5117170.stm

Iraq oil output hits a new high

Iraq is aiming to overtake rival oil producer Saudi Arabia
Oil production in Iraq has hit its highest level since former leader
Saddam Hussein was ousted in 2003.
Production has risen to 2.5 million barrels per day (bpd) from a
steady 2 million bpd during the US-led invasion, Iraq's new oil
minister said.

Hussain al-Shahristani added that production was expected to rise to
2.7 million bpd by the end of the year.

"We have been able to break records," he said of the government, which
has been in place for just over a month.

Before the war, output was around 3 million bpd, peaking at a record
of 3.5 million bpd.

Iraq, by some estimates, has as much or more oil reserves as Saudi
Arabia and as long as the Bush family has it's way, Iraq will never
get the chance to develop and produce that oil in high quantities.- Hide quoted text -

- Show quoted text -

Your nonsense has been thoroughly discredited, but i see you're back.

Iraq had decades under Sadam to develop and produce all the oil they
could without anything at all to do with the USA. The most they
managed, was 3.5 mil brl/day. Right now, it's about 2.5. Yeah, I'm
sure with more development, they will eventually get the flow rate
up. But to attribute this to the Bush family is nonsense. The new
Iraqi govt is in charge of deciding how to share the oil and what to
do with it, not Bush. Most other kooks have been running around
for years claiming the war was to take their oil. This new one,
claiming Bush is preventing it from flowing, is totally baseless and
without evidence. Before the war, it was 3mil/brl a day and now it's
2.5. Big deal.

BTW, if Bush is so all powerful, why is it that we're not drilling in
ANWR or in 80% of the offshore USA?

"The Iraq Petroleum Company (IPC), originally called the Turkish
Petroleum Company, had a virtual monopoly on all oil exploration in
Iraq in 1952. From the time that oil was discovered in Kirkuk in 1927
to the time that oil was discovered in Basra in 1938, very little
actual oil production was done. This was partially due to the low
global prices, and partly due to the fact that the multinational oil
companies that controlled the IPC (read, Texas Oil Companies) didn't
share Iraq's interests. It's this history of intentional oil
production suppression in Iraq that lends credibility to the claim by
Greg Palast that we didn't invade iraq to steal their oil, but instead
to keep it in the ground.
.. . .
By coincidence, the CIA tried to kill Qassim again this year. But then
Qassim took it a step further . . . In 1961 Qassim demanded an
increase to the government's share of profits and to allow the
government 20 percent participation share of the company. The IPC
refused both demands. In response Qassim nationalized 99.5% of its
concession areas in Iraq, leaving only actively oil producing areas in
company control. He also put in motion what would be the Iraq National
Oil Company. . ."
http://www.dailykos.com/story/2006/9...815/830/249370

"Oil Companies Hold Down Production in Iraq
By John M. Blair
The following is an excerpt from The Control of Oil (New York:
Pantheon, 1977).

In this excerpt, John Blair shows how the US and UK companies held
down production in their Iraq concessions, in order to maximize their
worldwide profits. In spite of protests from the Iraq government, and
opposition from their French partner, the Anglo-American companies
maintained this policy until nationalization in 1972. In the last part
of this excerpt, we see the active role of the US State Department in
defending the oil companies' interests. . ."
http://www.globalpolicy.org/security...76blairoil.htm
http://www.amazon.com/control-oil-Jo.../dp/0394725328