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>>And this claim that the foreign companies would keep 75% of the profits only as long as it takes to recoup their cost of developing the fields... that's endless. Halliburton alone is capable of misplacing nine billion in a year. They'd also include any cost for the infinite array of security forces, their beefed up Hummers, company jets flying around on a whim, bribes lobbying costs, bribes incentives to Iraqi MPs who would supposedly control them... this could go forever. And after that, what, 20%? How much do they make on Saudi oil?
>>
>>All your oil are belong to us.
>
>The oil companies will spend billions updating the infrastructure and will only be able to extract for a few years before Iraq nationalizes the entire industry. Hence the 75% early return. Watch the market's reaction when this is actually passed.

Jake, do you think the oil companies are doing this out of the goodness of their hearts or do you think they might want to make a small ROI?