Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
Why the Iraq war happened...
Message
From
25/05/2006 11:44:10
 
 
General information
Forum:
News
Category:
Articles
Miscellaneous
Thread ID:
01124754
Message ID:
01124911
Views:
19
I agree, I don't have enough time to do this point by point, but I'll blast a couple.
"The price of oil at the pump is about 50% the price of a barrel of oil, about 25% taxes, and then the rest is marketing and just the price determined by the company at the pump. So that means that about 18% to 20% is absolutely determined by the oil companies themselves and governed by the companies themselves."
She completely left out refining. 10%
http://money.howstuffworks.com/gas-price.htm

"He's the man who eviscerated all of the pre-existing oil contracts that Saddam Hussein had signed. At the end of Saddam Hussein's tenure, he had signed about 30 contracts with companies from all around the world to give them access to Iraq's oil sector. None of those contracts were with the United States or U.S. oil companies."

This is a direct result of the oil-for-food program allowing Saddam to choose who he did business with. His choice was to only book contracts with countries and companies that paid him off. This program was the main reason that the sanctions were not effective against Saddam but decimated the country.
http://www.iic-offp.org/story27oct05.htm

>>Don't know if this was cited before, but have a gander at
>>http://www.democracynow.org/article.pl?sid=06/04/25/1343214
>>
>>I just heard her on a local TV interview and I'd say she has the whole thing pegged. And it's one very very sad story.
>
>It's also a load of carp. I don't have time to pick it to pieces but here's one tidbit of wrong information:
>
>...the United States is receiving a tremendous amount of oil from Iraq. Oil is down in overall export and production, but not tremendously so. We were -- at prewar was 2.5 million barrels a day. We’re now at about 2 or 2.2 million barrels a day. But 50% of that, on average, is coming to the United States...
>
>According to official government energy statistics, we are nowhere near importing 50% of Iraqi oil production. More like 25%. Most Iraqi crude goes to Europe and Japan.
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
Previous
Reply
Map
View

Click here to load this message in the networking platform