Democrat Senator Chuck Shumer and Democrat Congressman Henry Waxman have NO PROBLEM with a French company getting an Iraqi Oil contract----even though, France did not participate in freeing Iraq with any military troops.

But they DO have a problem with American oil companies getting any of those contracts.

Democrat Senator Chuck Shumer and Democrat Congressman Henry Waxman have NO PROBLEM with the FACT that several of the U.S. oil companies now getting contracts have worked for 3 years in Iraq FOR FREE---advising the Iraqi's and helping them get their national resource up and running.

But they DO have a problem with American oil companies getting any of those contracts.

"For some American pols, everything that happens in Iraq is bad news, especially when it's good news for the U.S."

"We doubt French politicians are objecting to Total's contract, but American Democrats are so blinkered about Iraq that they now object even to U.S. companies getting business on the merits."

".... by inviting foreign partners, Iraq is avoiding the trap of nationalization that has harmed so many countries. It concentrates political power, undermining democracy. National oil companies also tend to underinvest in technology, letting harder-to-exploit oil become a wasting asset." THIS is a good thing; but Democrat leaders in the U.S. actually work against good things; instead of for them. These Dems do NOTHING to help the world's supply of oil to increase---which would, in turn, help everybody. IN fact, they work AGAINST it. Shame on them!!

http://online.wsj.com/article/SB1215...w_and_outlooks

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"If the President simply adds a couple of Republican solutions to a trillion dollar health care package that the American people don't support, it isn't bi-partisan. It's political cover," Rep Eric Cantor (R-Va.)

Schumer and Waxman are both statist nitwits. They're unethical slime and complete hypocrites.

Too bad morons like Bush screw things up so badly these guys will have authority in Congress. But you Republicans ask for these idiots to gain power when you put fools like Bush in office.

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"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Schopenhauer

“How fortunate for leaders that men do not think.” - Adolf Hitler

"We should never forget that everything Adolf Hilter did in Germany was 'legal'" - Martin Luther King Jr., from a Birmingham jail, April 16, 1963.

Hey, it's the "free market". The French must be a better deal for the Iraqis.

It's not the free market if the government is controlling what the oil companies can and cannot do.

Maybe if American companies were actually free....

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Although your conclusion ( with respect to the Democrat party in the United States [who in reality are little different than the only other American political
party with respect to historical ties to American oil companies ] ) may be valid, I think that a major premise that you base it on is incorrect-i.e the exaggerated view of the importance of private American oil companies on the market.

That is-most of the non-opec flow rate and reserves , two of the main factors in supply-induced price-are controlled by Nationalized oil companies.
Not private American oil companies.

And what does that have to do with the thread----which is about Democrat leaders balking about American oil companies getting Iraqi contracts? My point was.....why shouldn't American oil companies get some contracts?

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"If the President simply adds a couple of Republican solutions to a trillion dollar health care package that the American people don't support, it isn't bi-partisan. It's political cover," Rep Eric Cantor (R-Va.)

I was ( clumsily (: ) trying to address this part of it

".... by inviting foreign partners, Iraq is avoiding the trap of nationalization that has harmed so many countries. It concentrates political power, undermining democracy. National oil companies also tend to underinvest in technology, letting harder-to-exploit oil become a wasting asset." THIS is a good thing; but Democrat leaders in the U.S. actually work against good things; instead of for them. These Dems do NOTHING to help the world's supply of oil to increase"

That is-( non Opec ) Nationalized oil companies provide far more oil than private American oil companies.

What Repubicans or Democrats do is not important to world oil supply, compared to what the Nationalized oil companies do.

and
" harder-to-exploit oil " is not an issue in Iraq-Texas alone has more oil wells than all of Iraq-Iraq is 80% unexplored, and it is all easily exploited.

As a seperate point, the Iraqis would be far better off with a national oil company, than signing any profit sharing agreements-which is what the American oil Companies are shooting for. If they signed those, there would upwards of a 30% rake on several trillion dollars worth of oil.

Typically you would only sign profit sharing agreements if there were high geological or engineering risk, ( e.g total vertical depth over 10,000 feet ) -not when extraction cost is as low as in Iraq's fields.

Well, I guess we have to disagree here. I do NOT support nationalization of oil supplies at all. And besides, 'private American oil companies' could provide lots more oil to the world supply IF ONLY we were allowed to by our liberal/Democrat leaders who are beholding to their lobbyists and who have held the nation at a disadvantage as they worry only about their power and re-elections.

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"If the President simply adds a couple of Republican solutions to a trillion dollar health care package that the American people don't support, it isn't bi-partisan. It's political cover," Rep Eric Cantor (R-Va.)

jp, is this your concession thread where you finally acknowledge the war in iraq was all about oil?

No--because that is not the case.

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"If the President simply adds a couple of Republican solutions to a trillion dollar health care package that the American people don't support, it isn't bi-partisan. It's political cover," Rep Eric Cantor (R-Va.)