up to 75% of Iraq's Oil Profits to be Pocketed by Foreigners

scot1870

Kanelli quite rightly points out this is what the US is doing.

It's a theory to what the US is doing, but again given the the shortlist mentioned says one British, one Dutch and one American company are in the running it's not clear if that's true. Hey, maybe they'll just give it all to Exxon and prove me wrong.

What's happening here happens in every country, it shouldn't be seen as siphoning off money as there is a benefit to it - the higher oil price from a good quality product. Getting upset about global business practices is one thing, just because the word "Iraq" is in the article doesn't make this a special case. I could point to a lot of examples where the UK has lost out to foreign investment (the demise of its banking and energy capabilities especially), yet fundamentally we've benefited from this free market approach (i.e. the best people should do it, regardless of nationality) and that's why I've argued the case for it here.

shafique

Does anyone recall what happened when Dubai Ports bought P&O and along with it control of some ports in the USA?

Cheers,
Shafique

scot1870

Ha ha very good. There are many examples of foreign companies buying in the US, not least the aforementioned BP buying Amaco a few years back, homeland security just too hot a topic for them. I don't agree with that particular decision tho.

yorky500

Well done guys, Freza, a true anti-west poster has been completely blocked by your discussions which is going on a business need, not the political fall-out she was hoping for.

she will be sulking now.

freza

Yorky, one of the imminent brains and one of the most cool-headed and rational people in DF. I'm not anti-West, it's useless to make someone like you understand this, I won't even bother. There was no point in me contributing further to this thread when we have someone like Shafique state what I would have stated but in a more comprehensible manner than I would ever get at (I admit it, I let my immaturity get in the way of discussions, oh yea). My hat off to Shafique, for another great contribution and great posts. And you Yorky, so grown yet so baseless...so pathetic.

yorky500

Sorry Freza,

Complete BS. You were hoping for yet another anti-west discussion and you did not get one.

Change the record, yours is stuck.

freza

sorry Yorky, but if I had wanted a slug fest, I would have started one - nothing would have stopped me from trying...

You're much too old to be acting like a school kid and to be coming up with such banalities. Go pick on someone your own age - Sage or Concord or Arnie. Don't mess with this thread, it was civil until you got here. I actually do enjoy civility from time to time, you know.

EDIT: Exactly my point, I chose not to get involved! Duh. Wasn't it obvious? My dear, try not to embarrass yourself this way...

**Back on topic**

yorky500

sorry Yorky, but if I had wanted a slug fest, I would have started one - nothing would have stopped me from trying...

You're much too old to be acting like a school kid and to be coming up with such banalities. Go pick on someone your own age - Sage or Concord or Arnie. Don't mess with this thread, it was civil until you got here. I actually do enjoy civility from time to time, you know.

**Back on topic**

My last comment on your topic, I agree it was civil, reason being: you were not involved!

Concord

France and Russia condemned the invasion of Iraq (as did many other countries). Perhaps the US is giving them the middle finger for their lack of support?

And why not? Although that is not exactly what is taking place. At the end of the day you can't please everyone. The US can't do "right" by some people no matter what anyways... Nothing wrong with recovering your costs and then making a small profit (even the British and Ductch as Scot points out). Otherwise more will be lost and then the arguments would be that things were ruined becuase the US let them get ruined so they could profit and so on....

P.S. Freza, Please don't group me with Arnie, S&G and Yorky these guys are old Geezers. I'm a kid - don't believe everything you hear (believe not of what you hear or read and only half of what you see).

freza

My apologies Concord. 😳 I just couldn't think of anyone else, I imagine that you're just a youngster...
I was actually not criticizing older men, but older men that can act as silly as me.

kanelli

Sorry Freza,

Complete BS. You were hoping for yet another anti-west discussion and you did not get one.

Change the record, yours is stuck.

😀

kanelli

Yes, Concord, I certainly understand. If the US economy is going to be hard hit by big-time spending on war, they will of course try to recoup costs. It wouldn't make sense for them to award the contracts to benefit anti-war countries' economies. The annoying thing about all of this is that Iraq has no say in the matter because it is such a mess and the US has the power to run things at the moment. The US can get what it wants, obviously.

Concord

Yes, Concord, I certainly understand. If the US economy is going to be hard hit by big-time spending on war, they will of course try to recoup costs. It wouldn't make sense for them to award the contracts to benefit anti-war countries' economies. The annoying thing about all of this is that Iraq has no say in the matter because it is such a mess and the US has the power to run things at the moment. The US can get what it wants, obviously.

The USA is kind of a forum moderator nowadays (akin to Dubai Forums). Pick the posts they like and moderate/ban as they like...

kanelli

😂

shafique

The USA is kind of a forum moderator nowadays (akin to Dubai Forums). Pick the posts they like and moderate/ban as they like...

🙂

That's right - I hear that Andyba and Arniegang are planning to take over ExpatMum.com to liberate it from oppressive moderators there! 🙂 😂

Cheers,
Shafique

kanelli

😂

asc_26

any update?

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