lavell12, YOU might not be reaping the benefits, but highest ever profits recorded in human history means the oil companies are doing just fine. Thanks for your concern tho.
So yeah sure thing, lavell12 "Oil has nothing to do with this". Now run along while the adults chat mmmkay.
------------
Quote:
Originally Posted by Liberty
Quote:
Originally Posted by Joe1991 
Who is this "we"? ...these are international corporations, If they can sell a barrel of oil to China for one penny more than to the US, they will.
|
Which is still good for Western economies, no? |
Absolutely, Liberty... It will buy us the time to gear up for alternative non-dino juice energy resources.
So look for something similar to Aramco to be set up for Iraq's oil industry.
*Aramco is acronym for Arabian American Oil Company. The state-owned oil company of Saudi Arabia that was set up by Americans in the 1930s, Aramco is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. That gasoline you put in your car might be labelled Texaco or Shell or whatever.. Thats Aramco.
http://en.wikipedia.org/wiki/Saudi_Aramco
Iraq offers baseline proposal of post-war alliance with USA.