USA in Iraq. whats your impression?

byron27 said:

Interested to see what the americans here think.

I think bush whent into Iraq for oil and he got us into a big mess. Invading iraq is certanly not the way to fight terrorism. We could be useing all the money, troops, and recuorces to sucure our homeland to make sure the terrorists dont enter the country in the first place [make sense?] bush is a greedy moron.

$55/barrel?

'twas not for oil.

It's OK if we did invade for oil. Oil is vital to us.

ryan_velo said:

I think bush whent into Iraq for oil and he got us into a big mess. Invading iraq is certanly not the way to fight terrorism. We could be useing all the money, troops, and recuorces to sucure our homeland to make sure the terrorists dont enter the country in the first place [make sense?] bush is a greedy moron.

copwatch said:

It's OK if we did invade for oil. Oil is vital to us.

Yes, but who created that dependency?
Its not a dependency borne from a natural requirement to survive.
Its a dependency borne from the economic ethos employed in the US.

copwatch said:

It's OK if we did invade for oil. Oil is vital to us.

hmmm, You have it, we need it. thank you very much. Sounds like a mugging by a crack addict.

Also at $55 and barrel there are more than a couple Texas oil men making killing at the moment.

Imagine if all the money spent on this war went into R and D for alternative energies. That would be real leadership, that would be a creative initiative instead of fabricating some a war and destabilizing the world to satisfy your addiction to fossil fuel and enrich your oil buddies.

I me mine, I me mine, I me mine -- George Harrison

pomod said:

Also at $55 and barrel there are more than a couple Texas oil men making killing at the moment.

Apparently, you don't work in the oil industry. Most drilling activity in the continental US is for natural gas. People always make these statements when they don't understand the economies of the industry.

Bikerman2004 said:

Apparently, you don't work in the oil industry. Most drilling activity in the continental US is for natural gas. People always make these statements when they don't understand the economies of the industry.

Pomod is correct.

BRITISH PETROLEUM ANNOUNCED PROFITS OF £1,000,000 PER HOUR yesterday.

limerickman said:

Pomod is correct.

BRITISH PETROLEUM ANNOUNCED PROFITS OF £1,000,000 PER HOUR yesterday.

Hmmmmm.....I think Pomod stated TEXAS OILMEN were getting rich! But then again maybe Texas oilmen own BP. Was that revenues or profits?

Most of the oil wells in the Permian basin (texas) have been inactive for years.

Bikerman2004 said:

Apparently, you don't work in the oil industry. Most drilling activity in the continental US is for natural gas. People always make these statements when they don't understand the economies of the industry.

Bikerman2004 said:

Hmmmmm.....I think Pomod stated TEXAS OILMEN were getting rich! But then again maybe Texas oilmen own BP. Was that revenues or profits?

Profit - in pounds Sterling, per hour.
£1,000,000.

BP was a nationalised industry up to the 1980's (owned by the British Goverment).
It is now a private company.
I think that they put a bid in to buy ARAMCO at one point (I might be wrong - but they definitely did target some US oil firms).

The results were flagged in yesterdays Financial Times.

Granted, Iraq/Saddam was shooting at our & the brit's planes on a regular basis which was illegal. It cost alot of $ to merely contain him but, bush seemed to rush over there w/o adequate planning. I'm not particularly against mil. action just the timeline w/ which it was deployed. I would've relentlessly hammerred the other nations in the u.N. who refused to come on board. Granted, Saddam owed those countries a significant amount of money & they would'nt have recieved it, if they jumped on our "bandwagon." I would have completely exhausted all avenues in the U.N so that there would be no question as to the U.S.'s attempting to work w/ them. We already waited 12 yrs. but , i beleive bush ran to iraq for political purposes, thus not giving his "planner's & decider's"(his word's, he despises them) time to think through all of the contingiencies, or even sucess for that matter. So it's no wonder this foriegn adventure has blown up in his face. Saddam had to do w/ the palestinian/israel question & his grudge against him (remember the "he tried to kill my daddy" speech, not worldwide terrorism.

limerickman said:

Profit - in pounds Sterling, per hour.
£1,000,000.

BP was a nationalised industry up to the 1980's (owned by the British Goverment).
It is now a private company.
I think that they put a bid in to buy ARAMCO at one point (I might be wrong - but they definitely did target some US oil firms).

The results were flagged in yesterdays Financial Times.

I did have a link to this story, but I misplaced it.

I'll paraphrase : third quarter profits announced by BP (British Petroleum) were
£2.2 billion (Sterling).

Taking 90 days and multiplying this number by 24 hours per day = 2,160 hours for the third quarter.
Divide 2,160 hours in to £2.2 billion profit = £1,000,000 profit PER HOUR !

Lord Browne (CEO and Chairman of BP) indicated that the rise in crude prices
and cost efficiences provided the resulting profit.

limerickman said:

Profit - in pounds Sterling, per hour.
£1,000,000.

BP was a nationalised industry up to the 1980's (owned by the British Goverment).
It is now a private company.
I think that they put a bid in to buy ARAMCO at one point (I might be wrong - but they definitely did target some US oil firms).

The results were flagged in yesterdays Financial Times.

They bought the company or 'merged' with the company I work for.

byron27 said:

Yes, but who created that dependency?
Its not a dependency borne from a natural requirement to survive.
Its a dependency borne from the economic ethos employed in the US.

True, I see people driving all the time by themselves. When i see an 90 lb. woman driving a caddillac escalade w/ noone else in it, it makes me want to holler. Why does it take 3 tonnes of steel to transport a 90 lb. woman(or man for that matter but i use woman because they are smaller & it seems woman are more apt to flaunt their economic status, regardless of utility (expensive bags & shoes are another example) CONSPISCIOUS CONSUMPTION-plain & simple. No wonder alot of 'ferner's' :p hate us

pomod said:

hmmm, You have it, we need it. thank you very much. Sounds like a mugging by a crack addict.

Also at $55 and barrel there are more than a couple Texas oil men making killing at the moment.

Imagine if all the money spent on this war went into R and D for alternative energies. That would be real leadership, that would be a creative initiative instead of fabricating some a war and destabilizing the world to satisfy your addiction to fossil fuel and enrich your oil buddies.

I me mine, I me mine, I me mine -- George Harrison

That's why i would say to this admin.," Don't go away mad, just go away" The scary part is they're still in the running.

Bikerman2004 said:

They bought the company or 'merged' with the company I work for.

Okay, I see.
Yes, I seem to recall that they wanted to acquire some American companies
a few years back but I couldn't recall which ones (Exxon, Chevron ???)
It's not impertant, anyhow.

BP are a major player in the oil industry as you probably know.
But even still £1,000,000 profit per hour is astonishing.

szbert said:

Most of the oil wells in the Permian basin (texas) have been inactive for years.

Most activity in the US is gas drilling. The US supplies 90% of its own natural gas. Which is used mostly to generate electricity. Unfortunately most oil wells in the continental US are either old, poor producing wells or cost prohibitive to operate. That will change if oil prices stay this high. This doesn't include offshore and Alaskan wells.

OK, so they make US$16Billion a year in profit. So what? They earn it.

limerickman said:

Okay, I see.
Yes, I seem to recall that they wanted to acquire some American companies
a few years back but I couldn't recall which ones (Exxon, Chevron ???)
It's not impertant, anyhow.

BP are a major player in the oil industry as you probably know.
But even still £1,000,000 profit per hour is astonishing.

Most of the activity in the Permian basin is oil. The pumps that are idle are idle because it's cost prohibitive. IN the 80's, Midland Texas was loaded with billionaires. Now, it's a comparative ghost town. Office space can be rented for just a few percent of what it was 20 years ago.

Bikerman2004 said:

Most activity in the US is gas drilling. The US supplies 90% of its own natural gas. Which is used mostly to generate electricity. Unfortunately most oil wells in the continental US are either old, poor producing wells or cost prohibitive to operate. That will change if oil prices stay this high. This doesn't include offshore and Alaskan wells.