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1

Well, hell, as long as we're over there tearing the place up, we might as well get something out of it...

Posted by DanFan | June 19, 2008 7:49 AM
2
Posted by Mike in MO | June 19, 2008 8:03 AM
3

So the constitution theoretically declares that oil revenues are to be publicly owned, but the practice of public ownership has resulted in the sale or lease of these resources to private interests. Needless to say many companies are very interested in the oil resources of Iraq and from what I gather, the Kurds in Kirkuk are already cutting deals with multinational oil companies without any involvement by the Iraqi National Counsel. Hmm. What does that suggest about a cohesive Iraqi State?

Posted by M | June 19, 2008 8:11 AM
4

The only good argument someone's mentioned to me about why we should stay in Iraq is so that the Chinese and Indian oil companies don't go there to claim the oil. The surge in gas prices is partially due to India and China's dependency of oil increasing in part to the increase of private car ownership.

Posted by apres_moi | June 19, 2008 8:48 AM
5

@4 - Oil in Iraq was already being claimed by the French before the war started, in violation of the UN sanctions. I always figured that was the primary reason for the rush to war by Bush & Co.

See also, Freedom Fries.

Posted by Mahtli69 | June 19, 2008 9:18 AM
6

raise your hand if you're surprised this (and the permanent-bases agreement) is going down just as the bush regime ends.

obama is being boxed into a corner.

Posted by max solomon | June 19, 2008 9:21 AM
7

@6 - The next President was always doomed to be boxed into a corner regarding Iraq. This is the corner of a long hallway located off of a corner at the end of a long hallway located off of a corner ...

Posted by Mahtli69 | June 19, 2008 9:29 AM
8

Once we leave the price will drop and we can buy it cheaper even with a middleman's mark up.

A barrel of oil has no nationality, no passport, and unless it's from Venezuala or Mexico, no aftertaste.

(reference to the type of oil from those countries you sick pervs)

Posted by Will in Seattle | June 19, 2008 10:35 AM
9

I doubt it, Will @9. Without state control, oil companies will continue to produce as much as they've always produced.

Why would they increase supply and sell oil for less when the world has proven its appetite for $100 / barrel oil?

If we want cheap oil, we need a crazy man in charge of a large reserve.

Posted by six shooter | June 19, 2008 10:47 AM
10

Bull.

But hey, six shooter, I just sold 200 shares of Conoco-Phillips this week so what do I know (other than how to make obscene gobs of money) about oil.

Posted by Will in Seattle | June 19, 2008 11:45 AM
11

We've spent a lot of blood and money, I guess there should be some return. Just be honest about this being the motive all along.

Posted by Vince | June 19, 2008 12:52 PM

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