Comments on: Iraq “Abandons” Contracts http://priceofoil.org/2008/08/18/iraq-%e2%80%9cabandons-contracts/ 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. Fri, 09 Jan 2009 04:02:09 +0000 http://wordpress.org/?v=2.5 By: John Francis Lee http://priceofoil.org/2008/08/18/iraq-%e2%80%9cabandons-contracts/#comment-564829 John Francis Lee Wed, 20 Aug 2008 10:26:15 +0000 http://priceofoil.org/?p=3060#comment-564829 <a href="//uk.reuters.com/article/oilRpt/idUKLJ8958020080819" rel="nofollow">UPDATE 2-Iraq to sign $1.2 bln oil service deal with China</a> It's fee for service, not psa. The shape of the world to come after the failed US occupation of Iraq. UPDATE 2-Iraq to sign $1.2 bln oil service deal with China

It’s fee for service, not psa. The shape of the world to come after the failed US occupation of Iraq.

]]> By: John Francis Lee http://priceofoil.org/2008/08/18/iraq-%e2%80%9cabandons-contracts/#comment-562903 John Francis Lee Tue, 19 Aug 2008 13:21:05 +0000 http://priceofoil.org/?p=3060#comment-562903 ' ...next up for discussion will be the much longer-term exploitation contracts, which will cause a feeding frenzy amongst the foreign companies.' Explain to me once again why Iraq needs 'exploitation' contacts? Exploration, maybe. Let Schlumberger do collect the data, turn it over, and go away. But there seems to be no need at all for foreign companies in Iraq. Iraq and Saudi Arabia have the lowest lifting costs on earth. The Iraqis can finance the 'exploitation' of their oil fields themselves. Of course the 'Iraqis' in charge of the oil ministry are the compradors put in place by the Americans, and they know who they are working for. The Iraqis need the mulitnational oils like they need a hole in the head. They ought to go it alone, hiring the multinationals on an ad hoc, temporary basis, as needed. ‘ …next up for discussion will be the much longer-term exploitation contracts, which will cause a feeding frenzy amongst the foreign companies.’

Explain to me once again why Iraq needs ‘exploitation’ contacts?

Exploration, maybe. Let Schlumberger do collect the data, turn it over, and go away. But there seems to be no need at all for foreign companies in Iraq.

Iraq and Saudi Arabia have the lowest lifting costs on earth. The Iraqis can finance the ‘exploitation’ of their oil fields themselves.

Of course the ‘Iraqis’ in charge of the oil ministry are the compradors put in place by the Americans, and they know who they are working for.

The Iraqis need the mulitnational oils like they need a hole in the head. They ought to go it alone, hiring the multinationals on an ad hoc, temporary basis, as needed.

]]>