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08/15/2007 11:47 PM ID: 64304 Permalink   

New Oil Law Will Strip Iraq of Its Most Vital Resource

 

A new oil law being proposed will strip Iraq of its oil, giving foreign companies control of Iraq's oil, which is its primary resource and source of wealth. This was in a statement signed by 419 of Iraq's oil experts, economists and intellectuals.

Iraq's Parliament will discuss the law next month. The 419 experts and intellectuals demand major modifications to the proposed law and referendum.

"We urge that a modified oil law be passed only by a referendum, simply because oil is the wealth of all Iraqis and it affects every Iraqi's livelihood and future," said Issam al-Chalabi, a signatory to the statement and former Iraqi oil minister.

 
  Source: english.aljazeera.net  
    WebReporter: havoc666 Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  27 Comments
  
  there you go  
 
for anyone remaining still ignorant to think iraq wasn't about oil there you go... is, was, always will be about oil.

iraqi's better pray that law doesn't pass, that will ensure they remain unstable for a long time to come irreguardless of the war, there will always be conflict is a countries primary resources "belongs" to someone else.
 
  by: havoc666     08/15/2007 11:52 PM     
  But  
 
Don't you rememeber? It's not about oil -it's about Osama Bin Laden.

Osama who?

Sometimes, a notion of conspiracy years ago is a prelude to truth.

Hmm, who might the top-level owners of these "foreign oil companies" be?
 
  by: Discarded Vet   08/15/2007 11:56 PM     
  this doesn't mean jack  
 
Until you show that our government is some how behind it. It sounds to me like there's different politicians that have different feelings about what should be done with THERE resource. It sounds to me more like there beganing to develop a healthier government with at least some people who are actually for the people. We'll see how it works out in the coming weeks.
 
  by: shoezacks   08/16/2007 12:44 AM     
  are you completely daft  
 
how is giving up a countries resources good in anyway for the country?

the iraqi government represent less than 1/3 of the iraqi people and most boycotted the election as the farce it was.

i support the deal between iran and iraq; for iran to buy 100,000 barrels of crude to refine and sell back to iraq... but for foreign companies to take control of another countries main source of wealth it robbery plain and simple.
 
  by: havoc666     08/16/2007 01:41 AM     
  Osama?  
 
What Bush said...

In 2002:
"The most important thing is for us to find Osama bin Laden. It is our number one priority and we will not rest until we find him."

In 2003:
"I don't know where bin Laden is. I have no idea and really don't care. It is not important, and it is not our priority."

In fact, the statement in 2003 was less than six months after the first statement in 2002.

And I could have told you it was about the oil since day 1.
 
  by: elderban99     08/16/2007 02:42 AM     
  ????  
 
Iraqis are debating on what to do to more successfully develop their oil capacity and its Bushs fault or the US's fault? Maybe some people need to stop listening to idiots and do a little research on it themselves and aljizzery aint no research.
Tainted source.

There are several oil producing country's that have gone this route and in itself isn't a bad thing as long as they don't let themselves get screwed writing the contract.

And besides, so what if it is all about oil, maybe some people need to sniff a little reality but guess what, no oil and you don't have that little leftist liberal MAC your typing on, or a car or mass trans or any plastics or heat or electricity.

Wake up, only smelly hippy's don't need oil to live in our current society (unless they go out on a limb and get a plastic bong instead of a glass one).

If it is all about oil, that in itself is worth it.
 
  by: FTFFTW   08/16/2007 03:05 AM     
  @FTFFTW  
 
<deleted by admin>
 
  by: Rappy   08/16/2007 03:30 AM     
  @FTFFTW  
 
al-jazeera a tainted source??? if thats so than basically every american source of news is tainted, almost all of them are basically acting as a propaganda arm of the government. fox news is one of the most extreme examples of such.

whether the "government" wants it of not is largely irrelevant, the government only represents the minority of iraq less than 33%, and like like in the US, in iraq less than 33% even recognise the government at all... this is a deal that bad for iraq and worse for its people.

no-one needs oil, certianly not nearly the level we consume, alternative technologies are abundant but the oil industry had as strangle hold over power generation (outside of nuclear). most people can power there entire home on solar and wind, yet this is largely over looked, then there hydroelectric, nuclear and geothermal. people can use electric cars rather than gasoline of deisel. they can use electric, gas or even wood stoves for heat. public mass transit here has been on natural gas for years, now some are hybrid electric.

and as for that last bit, you know that advocates the murder of more than 650,000 for your (and your societies) greed right?

does that in turn mean i can rob you just so i can be alittle richer?, if not you've just exposed your gross double standard. its this kind of attitude that leads me to think the world would be far better off if some catastrophe wiped the US as we know it off the map. it never seizes to amaze me how barbaric a mind set some people are stuck in.
 
  by: havoc666     08/16/2007 03:34 AM     
  New Oil Law Will Strip Iraq From Its ..  
 
should that be ... Of It's Most Vital Resource?

but yeah of course it was about the oil... duh...
funnily when i "reported" those stories they all got 6 "very bads" and were deleted...
 
  by: JulesLady     08/16/2007 03:41 AM     
  Fixed title...  
 
 
  by: Lurker     08/16/2007 04:04 AM     
  WHAT??  
 
You mean to say that this whole occupation is just
about oil?

I'm shocked, and a little saddened.

I thought it was about freedom, democracy, Jesus,
and those cool little paper flags they give to the
servicemen's kids to greet their dads when they
come back with no legs.

But OIL? Geez, who saw that coming?
 
  by: Mister crank     08/16/2007 04:13 AM     
  Havoc  
 
"..they can use electric,___ GAS___ or even wood stoves for heat. public mass transit here has been on____ NATURAL GAS___ for years, now some are hybrid electric."

You cant be that dumb, look what your wrote, just where does GAS and NATURAL GAS come from? Out of your water spigot?
The are byproducts of THE PETROLEUM INDUSTRY!! I understand that you must have not thought that one through because I cant believe you didn't know that.

Also in what I wrote I said in our current society, that means just that, society as it is today.

As for aljizzera, not a valid source for dependable news, just as you freak everytime someone references Fox news, nice double standard.
 
  by: FTFFTW   08/16/2007 06:35 AM     
  @ftfftw  
 
"You cant be that dumb, look what your wrote, just where does GAS and NATURAL GAS come from? Out of your water spigot?
The are byproducts of THE PETROLEUM INDUSTRY!! I understand that you must have not thought that one through because I cant believe you didn't know that.

Also in what I wrote I said in our current society, that means just that, society as it is today."

thanks for only reading half of what i write "no-one needs oil, certianly not nearly the level we consume,"

can you recite the last off of that back so i know it got through this time.

and yes, natural gas can be a by product of oil it can also be found seperately in natural gas feilds, which are found near oil fields usually, as its formed by essentially the same geological process, however occurs at deeper depths and higher temperatures.

"As for aljizzera, not a valid source for dependable news, just as you freak everytime someone references Fox news, nice double standard."

so your telling me that al-jazeera outright fabricates and twists news like fox has been known to?, that al-jazeera has used its political power to sway elections? (while this point may be highly disagreed with its worth noting that in both prior presidential elections fox (faux) news was the first to announce bush the winner when in the both case his opponent was officially named the winner only to have bush declared winner minutes later).

so no fox is not on par with al-jazeera.. faux is a slap i nthe face to real news sources... while most of their coverage is ok, anything highly politically charged is rather unreliable from fox.
 
  by: havoc666     08/16/2007 07:20 AM     
  @Rappy  
 
Please refrain from name calling.


@FTFFTW
"Iraqis are debating on what to do to more successfully develop their oil capacity and its Bushs fault or the US's fault?"

Ummm... have you forgotten how most of Iraq's old infastructure got broken in the first place? If you break something then benefit from rebuilding it people could be forgiven for viewing the process with a degree of suspicion.
 
  by: ixuzus     08/16/2007 07:58 AM     
  Can we all calm down for a moment  
 
Iraq has a lot of oil in the ground, and no way of extracting it from the ground and processing it into usable products, and yes, thats partly the US's fault, but its not like the industry was in great shape to begin with, again, partly the US's fault.

So, to extract and process this oil, it needs to spend 10, possibly hundreds of billions of $ on wells, pumps, pipes and refinerys.

Iraq doesnt have that money, so, it needs to find sonmeone else to stump up the cash.
It could get a loan, although the market just lost its appetite for high risk lending thanks to the US subprime debacle.
So, that pretty much leaves selling oil licences, which this sounds like.
 
  by: Gogevandire   08/16/2007 09:25 AM     
  I wonder  
 
I wonder if shortnews picked up on this about two months ago.

http://www.guardian.co.uk/...
 
  by: jamesmc   08/16/2007 10:00 AM     
  aljazeera.net  
 
Is the standard for middle eastern news, likewise it reflects a middle eastern view on news.

They're alarm to the US divvying up their sovereign resources should also be an alarm to us of how we are being interpreted as an occupying force by middle easterners.

They are the ones at ground zero, they provide a wider point of view then even our own media in the US.

Ultimately it will be a large media source like aljazeera.net that shapes the peoples opinion of the US occupation.

I give them far more legitimacy than many US news source. That certainly includes our own glorious state run fox news outlet.
 
  by: ukcn001XYZ   08/16/2007 10:23 AM     
  @ixuzus  
 
It wasn't really name calling, but more like an
observation... ;)
 
  by: Rappy   08/16/2007 10:44 AM     
  I am so surprised!  
 
I am glad this is a decision being made solely by the Iraqi government on behalf of the good of the Iraqi people and the US is not influencing the vote in any way. Just make sure they are using the Dibold electronic voting machines and we can all be assured it is and honest vote and the will of the people has been upheld.

Excuse me while I vomit.
 
  by: Valkyrie123     08/16/2007 05:41 PM     
  @gogevandire  
 
"Can we all calm down for a moment
Iraq has a lot of oil in the ground, and no way of extracting it from the ground and processing it into usable products, and yes, thats partly the US's fault, but its not like the industry was in great shape to begin with, again, partly the US's fault."

partly... i think you mean mostly... the US has been bombing iraq for the better part of what 2 decades now. and when they're not bombing iraq they are sanctioning iraq, namely its oil so the country really can't do anything with its oil beyond what the US (the UN, but the US has way to much pull and basicall own the UN; IE why the UN doesn't work).

"So, to extract and process this oil, it needs to spend 10, possibly hundreds of billions of $ on wells, pumps, pipes and refinerys.

Iraq doesnt have that money, so, it needs to find sonmeone else to stump up the cash."

i already posted an article about this, iran and iraq have signed a deal that will see two pipelines built 1 32" diametre pipe for iran ro import 100,000 barrels of crude, to be refined, an an second oil a 16" diametre pipeline that will export the refined product back to iraq.

they don't need american and other foreign companies stealing their oil.
 
  by: havoc666     08/16/2007 06:27 PM     
  @shoezacks  
 
Seems your the American education system failed to teach you the proper uses of the 3 words "there, their, and they're"
:)
It's really hard to respect the opinion of someone else when they misuse words that have been common to THEIR vocabulary from preschool up.
 
  by: DekaR   08/16/2007 09:57 PM     
  @havoc666  
 
he might not say so, but I will. Al Jazeera not only lies, and makes up stories, they use their political sway to influence elections (in the arabic countries that actually have real ones) just like any other news source, fox or otherwise

"so your telling me that al-jazeera outright fabricates and twists news like fox has been known to?, that al-jazeera has used its political power to sway elections? (while this point may be highly disagreed with its worth noting that in both prior presidential elections fox (faux) news was the first to announce bush the winner when in the both case his opponent was officially named the winner only to have bush declared winner minutes later)."


 
  by: ganjaman22     08/16/2007 10:31 PM     
  @havoc  
 
"i already posted an article about this, iran and iraq have signed a deal that will see two pipelines built 1 32" diametre pipe for iran ro import 100,000 barrels of crude, to be refined, an an second oil a 16" diametre pipeline that will export the refined product back to iraq.

they don't need american and other foreign companies stealing their oil."

Last I checked, Iran is a country that is foreign to Iraq. Read over what you just wrote. hel-lo hypocrisy... Why should Iran (country, company, whatever) be "allowed" to steal Iraqi oil and/or profit off of Iraqi oil, but it's wrong for Iraq to choose to make money along-side other foreign companies -- all from Iraq's own resources? I say it again, hel-lo hypocrisy.
 
  by: bobjones     08/16/2007 11:32 PM     
  @havoc666  
 
Are you insane? Kerry never had any chance of winning and was no where close to doing so.

Gore on the other hand...

So that only happened once, not twice.
 
  by: Tetsuru Uzuki     08/16/2007 11:37 PM     
  @bobjones & tetsuru & gangaman  
 
"Last I checked, Iran is a country that is foreign to Iraq. Read over what you just wrote. hel-lo hypocrisy... Why should Iran (country, company, whatever) be "allowed" to steal Iraqi oil and/or profit off of Iraqi oil, but it's wrong for Iraq to choose to make money along-side other foreign companies -- all from Iraq's own resources? I say it again, hel-lo hypocrisy."

yes a foreign country BUYING iraqi oil, refining its it and selling itit back... not taking it from them then selling it back to iraq.

i posted an article about this feel free to read it.


@Tetsuru Uzuki

"Are you insane? Kerry never had any chance of winning and was no where close to doing so.

Gore on the other hand...

So that only happened once, not twice."

for one, both elections were stolen, largely by electronic voting machines, but also be the gross amount of spoiled ballots, in 2004 about 3.75% of all votes were spoiled (shouldn't been counted but were thrown away) and about 4% were complete fraudent (never should have existed, and btw nearly all favored bush) thats nearly an 8% margin of incorrectness. in the 2000 election i'me not sure about how many vote were faudulent, but about 900,000-1,000,000 ballots were spoiled (about 2% of the total amount of votes cast), and tens of thousands were denied their right to vote while bush "won" both by about or less than a 1% margin.

for two, they were about 1 million vote apart, bush had received more than 1 million fake vote and there were almost 2 million spoiled ballot generally largely in democrat areas. kerry won the exit polls (and was announced the winner), bush was confront minutes before being declared the winner and being told he had lost, apparently he had looked "surprised" by the news despite being predicted to lose.

the 2000 election bush lost the popular vote, the election have the same e-voting problems and there were nearly a million spoiled ballots this above and beyond certian florida community banning black from voting whom typically have been democrat.


@gangaman

"he might not say so, but I will. Al Jazeera not only lies, and makes up stories, they use their political sway to influence elections (in the arabic countries that actually have real ones) just like any other news source, fox or otherwise"

evidence?, preferably of both claims. fox news has actually admitted to having made up news and swaying the election is most evident in the 2000 election where 5 or six other agency had declared gore the winner then later reversed it so bush was the "winner" after faux news did so.
 
  by: havoc666     08/17/2007 12:11 AM     
  No one is "stealing" anything  
 
Under this law.
An oil company would build the well pumps, the pipes, all the oil infrastructure, pump the oil, refine it, sell it, and then pay Iraq 12.5% of the profits.

The complaints are that that isnt a high enough %, and that Iraq would be better served lending the money to build the oil infrastructure from someone and doing it all on its own.
The problem with hat being who the hell is going to lend Iraq money?
Especialy with the current market "correction" ongoing.

I think the complaints about 12.5% also fail to take into the security risk the oil companies are taking, yeah we know oil is there and its cheap to extract, but if the pipes keep being blown up, that changes
 
  by: Gogevandire   08/17/2007 10:17 AM     
  @havoc  
 
"yes a foreign country BUYING iraqi oil, refining its it and selling itit back... not taking it from them then selling it back to iraq.

i posted an article about this feel free to read it."

I read your article already. Even if what it says is true, all it means is that Iran is profiting off of Iraq but on a per barrel basis. You think the friendly Iranians are going to sell it back at-cost? No, Iran will attempt to profit big-time off of Iraqi oil at the expense of Iraqis. Same difference...
 
  by: bobjones     08/17/2007 06:39 PM     
 
 
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