>>>>>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?
>>>
>>>Investment? What investment?
>>
>>ROI (return on investment) is an extremely important factor showing how much shareholders are supposed to receive by making an investment it the company. When you buy a stock of a company, you are making an investment.
>
>You are. But the big oil isn't really investing much of its money there. Combine the tax breaks, price gauging and creative accounting with the money coming from sales of existing Iraqi oil, plus unknown amounts of tax money which just vanished (like Halliburton's 9 billion)... and I wonder how much would that be, compared with the actual cost of doing business there. And I still don't see the production reaching the pre-war level, maybe it did, I don't know - last time I heard it was still below. I figure the production will soar as soon as the PSA bill gets signed.

Are not 'big oils' publicly traded companies? It might happen (about 99% chance) that you also invest in these companies. Btw, favourite business of VFP programmers is bank robberies. It is unknown, so it must be true.