Friday, October 23, 2009

US Firms 'Entitled' to Iraqi Oil?

When he was calling for clean energy, I was highly supportive of T. Boone Pickens, but I feel outrage over his latest statement.

bigoil2 Oil tycoon T. Boone Pickens told Congress on Wednesday that U.S. energy companies are "entitled" to some of Iraq's crude because of the large number of American troops that lost their lives fighting in the country and the U.S. taxpayer money spent in Iraq.

Boone, speaking to the newly formed Congressional Natural Gas Caucus, complained that the Iraqi government has awarded contracts to foreign companies, particularly Chinese firms, to develop Iraq's vast reserves while American companies have mostly been shut out.

"They're opening them (oil fields) up to other companies all over the world ... We're entitled to it," Pickens said of Iraq's oil. "Heck, we even lost 5,000 of our people, 65,000 injured and a trillion, five hundred billion dollars."

President Barack Obama has pledged to withdraw U.S. troops in Iraq.

"We leave there with the Chinese getting the oil," Pickens said.

Iraq's Oil Minister Hussain al-Shahristani told a Washington conference on Wednesday that his government was happy with the energy auction it held earlier this year. The auction was the first chance for foreign oil firms to compete for Iraqi oil since the U.S.-led invasion in 2003.

"We're pleased with scale and participation of the IOC (International Oil Companies) and the transparent and public competition," Shahristani said at a U.S.-Iraq business and investment conference.

BP and the Chinese oil company CNPC were the only firms to win a contract in Iraq's bid round this summer, the first chance for foreign oil firms to compete for Iraqi oil since the U.S.-led invasion in 2003. Seven other oil and gas fields failed to attract bidders on the terms Iraq offered... [emphasis added]

Inserted from <Common Dreams>

I cannot fathom why invading a nation, destroying their infrastructure, wrecking their economy, and killing hundreds of thousands of their citizens on the basis of lies formulated by the Crawford ChickenHawk and the GOP entitles US oil companies to oil contracts that they could not win competitively in the free market.  Furthermore, Pickens’ statement constitutes a de facto confirmation that the Bush/GOP war for oil and conquest was really about oil, not freedom.  For Pickens shames himself by invoking the losses suffered by our troops.  They were used as cannon fodder by Bush and the GOP.  And had we gotten oil contracts there, not a penny of the profits would have gone to compensate the wounded or families of the dead.  Instead, Bush/GOP cronies would have pocketed it all.  How shameful!


the walking man said...

In the free market economy that Pickens so heartily believes in, no one owes anyone anything. The bids were solicited under the terms the Iraqi's wanted and were met by two bidders. That is free market capitalism and it worked for the one selling the resource.

Stimpson said...

under Pickens's logic, a guy who beats and rapes someone is still owed something if he supplies bandages and a trip to the emergency room.

TomCat said...

Mark, that's my point exactly. Thanks for stating it so clearly.

Stimson, that's an excellent analogy.

Grung_e_Gene said...

Well, it's not called
for nothing.

The Military is always used to clear the field and set up the zone for Industry to move in and reap the rewards.

and what was lost anyway? A few malcontents in the military, sure there may have been a noble born son who had to perish but he'll always be remembered and honored for spilling his hearts blood in the soil so T. Boone Pickens and America can pump out the black blood of the earth.

TomCat said...

Welcome Gene. Thanks for the input, and I fully agree. That's the way the Repuglicans see it. P see the the death or maiming of every soldier used as GOP cannon fodder as a tragedy.

Oso said...

I saw that T Boone Pickens thing and was also outraged.And sickened. What a sick,sick bastard.What's even worse is there are a lot of Americans who feel that way. That we are owed oil because our soldiers died while invading and occupying their country.
Stimpson's example is very apt.

RealityZone said...

lets ask the dead iraqi civilians. [collateral damage]. what they think of this. ooops they can no longer speak. lets ask the families of our dead soldiers if they want the oil or their loved ones back. it is this mind set of t. boone, why we are hated throughout the world. the [ugly american] shows his face again. a big mac on every corner, a can of coka cola, and a drone in the air. W.T.F. has this country become?

TomCat said...

What can I say, Oso. Were on the same page.

RZ, it isn't our country. It's the ultra right Reich.