Comments on: New Oil Finds in Sunni Iraq http://priceofoil.org/2007/02/20/new-oil-finds-in-sunni-iraq/ Oil Change International campaigns to expose the true costs of oil and facilitate the coming transition towards clean energy. We are dedicated to identifying and overcoming political barriers to that transition. Sun, 07 Sep 2008 05:47:19 +0000 http://wordpress.org/?v=2.5 By: John C Abdon http://priceofoil.org/2007/02/20/new-oil-finds-in-sunni-iraq/#comment-16712 John C Abdon Wed, 21 Feb 2007 02:30:41 +0000 http://priceofoil.org/2007/02/20/new-oil-finds-in-sunni-iraq/#comment-16712 All of the worlds oil reserves belong to all human beings, and should be managed as one 'super' consolidated field. This is the only way to avoid the polution and waste associated with the free market forces that have ravaged the earth both above and below ground/water/atmosphere in the persuit of crude oil. The Iraqi's, left to develop native oil reserves on their own, could well end up with a similar situation the Russian economy now faces, namely the economic and environmental destructive consequences of inadequate preventive maintainance driven by a model of maximum private (read corporate) profit taking. It could spell disaster for what is left of the Iraqi environment. All of the worlds oil reserves belong to all human beings, and should be managed as one ’super’ consolidated field. This is the only way to avoid the polution and waste associated with the free market forces that have ravaged the earth both above and below ground/water/atmosphere in the persuit of crude oil.

The Iraqi’s, left to develop native oil reserves on their own, could well end up with a similar situation the Russian economy now faces, namely the economic and environmental destructive consequences of inadequate preventive maintainance driven by a model of maximum private (read corporate) profit taking. It could spell disaster for what is left of the Iraqi environment.

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