Obama Opinions?

[Northy]

*ding ding* round 1 *ding ding*

This thread is getting good

[Lee]

How can you invade something that does not belong to anyone, nobody owns oil/gas until it is extracted from the ground, a company such as shell/ bp etc will come along and put forward a case to prove they have the money/ capabilities to extract the oil, when they get first oil onto the deck is when they start to pay a tax to the local government, the amount depends on regions but lets just say its billions a year.
If you were in iraq now, would you prefer a group of villagers pulling oil out of the desert or a respectful oil company who work safely and produce quality goods. The truth of the matter is that right now, there are next to no oil companies that will touch iraq because it is too volatile and they would have to pay extortionate rates to get engineers out there. I know I wouldn’t go for less than 300k tax free and even then it would be a last resort.
Please get your facts straight fabs, its called business and the way of the world, on a side note, do you feel the french have invaded the uk because Total have a huge presence in the north sea and centrica own british gas to name just 2?

[jimmy]

Unless fabs talks in riddles - he was clearly talking about troops and countries, not oil companies and oil fields.

[James]

The governmet owns all energy minerals in the UK (coal/oil/gas), pre and post extraction dont they? Erm well actually i know they do

[burgie]

if that is the case, they should put an upper limit on the resale value of "our" own commodities.

[footey]

if all the troops are pulled out of IRAQ or AFGANISTAN then it means many people will have died for nothing so they should stay there untill the job they started is finished

[Lee]

Originally Posted by smOkin

The governmet owns all energy minerals in the UK (coal/oil/gas), pre and post extraction dont they? Erm well actually i know they do

UK yes, james, onshore definately, just like if you found oil in a field, its not yours

[footey]

i didnt know that lee that is rubish

[Lee]

Yup the UK is shhhheeeeeeiiiiiitttttteeee

[DaveG28]

Lee, are you saying troops should be in a country to help oil companies get oil?? Or have you misread Fabs post??

Does the Iraq gov own all Iraqi oil by the way, or does some go to the US to pay for "liberating" them? And who decides which companies get the contracts to extract?

[Alfonzo]

Now there're some questions!

[Lee]

Originally Posted by DaveG28

Lee, are you saying troops should be in a country to help oil companies get oil?? Or have you misread Fabs post??

Does the Iraq gov own all Iraqi oil by the way, or does some go to the US to pay for "liberating" them? And who decides which companies get the contracts to extract?

No, dave it looks like i misread his post.

Although the government dont actually own the oil, its usually down to them and some commission who will decide who wins the contract, you will also find there is only ever 1 bidder


Companies will only ever research new areas and if there is a chance of oil then they are lucky, it has been known for companies to spend millions in exploration and building in a platform only to find that its hot air down there

With regards to keeping troops in, i think the country is now a more stable and a better place to live. Could you imagine living there under saddams reign. Its not war right now, is there a major difference in what they are doing now to what they did in northern ireland


Its also recently been announced that iraq will have a say in who extracts their oil, and whoever gets the contract will have to join up with iraqi companies as a joint venture so that there is no strangle hold, this will also ease pressure as the government will not be seeing to bowing to the western world even though they know they cant do it themselves. This will be a massive turnoff for the uk companies and those of the western world, you will probably find the likes of saudi aramco get in there through the back door

[DaveG28]

Originally Posted by Lee

No, dave it looks like i misread his post.

Although the government dont actually own the oil, its usually down to them and some commission who will decide who wins the contract, you will also find there is only ever 1 bidder


Companies will only ever research new areas and if there is a chance of oil then they are lucky, it has been known for companies to spend millions in exploration and building in a platform only to find that its hot air down there

With regards to keeping troops in, i think the country is now a more stable and a better place to live. Could you imagine living there under saddams reign. Its not war right now, is there a major difference in what they are doing now to what they did in northern ireland

I agree they shouldn't just leave, and we should finish the job, I don't think we should have gone in at all though!! How long would it have taken Saddam to do this much damage? Water/electricity shortages as well as all the death and destruction!?

Generally I also think oil co's have a hard job in exploration etc when the Market fluctuates, for example Canadian Tar Sand development that's not viable at todays prices but was in the summer!! They could help themselves though with better PR!!!

[DaveG28]

Its up to Iraq who to have, if they want the Saudi's or joint ventures, they are a sovereign country!

[Lee]

They do a lot though to be fair but and give a lot back to communities, but its all in the name of offsetting tax, just like any other company would. Oil companies dont need to be everyones friend they look after their employees and do their best for the environment, if they dont then this hits them harder than any other publicity they plan to do. You would be suprised how many people would stop using shell fuels just because it was proven it died from a shell oil spillage, but its ok for pharmaceutical companies to sell pills which make people manic depressives after 6 months, but people dont think that those companies still make paracetamol or this years flu jab.

I thought saddam was already committing murder and that he killed hundreds didnt he?


The Tar sand development is going to kick off pretty soon, and there is already areas in the uk where they are gearing up for it, south wales being one

[Lee]

Originally Posted by DaveG28

Its up to Iraq who to have, if they want the Saudi's or joint ventures, they are a sovereign country!

Yes it is and they are trying to put off the western bidders with a 35% tax on any oil extracted.

Supposedly most of the major oil execs had left the pre bid meeting/breifing before the iraqi's had even addressed the media.

The successful bidders will be announced within 6 months, and their are some very stringent conditions, such as iraqis top to bottom with minimal expats, this just spells disaster in my eyes

[DaveG28]

And the whole point is if it's a disaster they will get voted out and a gov will be elected which likes western companies more, so it's not a problem!

We killed more than hundreds by the way, or at least what we started has! Way more civilians than Saddam. Plus health/education/utilities have been made worse by us!

I think you'll find big Pharm co's get a bad press too Lee, do you have to be ex directory so some nut job can't find you and send a letterbomb? My bro does, just for working in medical research!

[Lee]

Originally Posted by DaveG28

And the whole point is if it's a disaster they will get voted out and a gov will be elected which likes western companies more, so it's not a problem!

Its a big problem if you have just been awarded a 20 year contract

Originally Posted by DaveG28

We killed more than hundreds by the way, or at least what we started has! Way more civilians than Saddam. Plus health/education/utilities have been made worse by us!

But things had to get worse in order to get better, there are always casualties in war its a fact of life, im sure if innocent people could have been spared they would have

Originally Posted by DaveG28

I think you'll find big Pharm co's get a bad press too Lee, do you have to be ex directory so some nut job can't find you and send a letterbomb? My bro does, just for working in medical research!

Yes been there done that, i have worked for 3 Pharma companies in my time, had protesters at the gates etc. My point was if you buy oil you know whose oil you are buying from (unless its a supermarket) if your buying tablets you dont 9 times out of 10, i just used that industry as an example

[millzy]

kay ha mi song chi cha so sonee fia.

means look at these two idiots

[DaveG28]

I'm sure our troops did what they could to minimise casualties, but who gave us the right to make the decision to make it worse???

I see your point about the 20 year contract, but again as a sovereign country, that's their right. What alternative method would you prefer for the decision to be made?