Page 1 of 1

Iraq oil contracts

Posted: Sun Dec 20, 2009 8:06 am
by fatman
And here i was thinking the US invaded for the oil seems the Russians and the Chinese have done all right for themselves :o

Re: Iraq oil contracts

Posted: Sun Dec 20, 2009 10:20 am
by callmeslick
fatman wrote:And here i was thinking the US invaded for the oil seems the Russians and the Chinese have done all right for themselves :o

not as well as the Iranians, who apparently have simply occupied a large field.

Re: Iraq oil contracts

Posted: Sun Dec 20, 2009 11:30 am
by nicolas10
They attacked not to secure the oil supply, but because Saddam wanted to get paid in € and no more in $.

It is for this very reason that the US are going to attack Iran at some point.

Nic

Re: Iraq oil contracts

Posted: Sun Dec 20, 2009 12:21 pm
by callmeslick
nicolas10 wrote:They attacked not to secure the oil supply, but because Saddam wanted to get paid in € and no more in $.
that one, I think, has pretty well be debunked at this point. So long as the Saudis and other Gulf States operate on a dollar basis, what Iraq chose to do was meaningless. Even more so Iran, with a screwed up infrastructure and far less reserves than Iraq.

Re: Iraq oil contracts

Posted: Sun Dec 20, 2009 6:52 pm
by nicolas10
I don't think it's been debunked at all concerning Iraq. And we're going to see how it turns out concerning Iran.

Nic