What's this all about?

[British Bulldog]

What's it all about??

The oil, it's all about the oil I hear you say. Like everything else on this planet, oil has a price. The US appears to be paying much more than the going rate in both dollars and lives.

What am I babbling about?? A few quick calculations. Bush has just requested a further $200 billion for Iraq next year. Iraq has 120 billion barrels of proven oil reserves. Lets assume the US has staked a claim on 20% of these reserves. thats 24 billion barrels.

$200 billion / 24bb = $8.50 (approx). So in theory, $8.50 of all the 24 billion barrels is paid for already. Then factor in what has already been pumped in.... a guess at $800 billion. This takes the sum total to approx $43 of 24 billion barrels already paid for and this is without factoring the cost of our lost soldiers.

How long will it take to pump that much oil?? Will Iraq be here long enough to pump it??

Unless the US has a sizable stash of dinar to cover these costs, which alot of people dispute, WTF is all this about because it's doesn't seem to be about the oil.

Tiring scouser seeks clarity and ideas.

[Fat Albert]

Good point. This is a staggering amount of money! It is beyond my thinking how this works out financially. There must be a strategic plan somewhere.

[Midnight Tide]

It is about the oil, but is also about the petrol dollar. They had to invade to keep the oil being sold in dollars, not euros or some basket of currencies.

[British Bulldog]

It is about the oil, but is also about the petrol dollar. They had to invade to keep the oil being sold in dollars, not euros or some basket of currencies.

A few months ago I would have agreed but with the rapidly sliding dollar and news of ME countries considering dropping the dollar I am not so sure anymore. It seems like a big gamble with poors odds to me.

[RoyalBeluga]

Where's all this negativity coming from recently? :no2:

[British Bulldog]

Where's all this negativity coming from recently? :no2:

As days and weeks go by things change. I am not trying to be negative, just analysing these changes and seeking answers to the scinarios these changes throw up. I have always belived this was all about the oil, I am just not so sure anymore and seek some clarity.

[RoyalBeluga]

As days and weeks go by things change. I am not trying to be negative, just analysing these changes and seeking answers to the scinarios these changes throw up. I have always belived this was all about the oil, I am just not so sure anymore and seek some clarity.

Oil or Money ... what difference will it make to the value of the Dinar?

[nomad33]

Overly simple minds often state that it's all about the oil...
It is also about the ideology of reducing fanaticism of a group of people who wish to annihilate another group. The real problem is that we live in a time of possible mass destruction which could lead to the extinction of the human race from this planet entirely (along with most other life on Earth). Unless we evaluate the whole story, a few soundbytes of liberal drivel is all we get from the heavily biased news sources on television.
Unfortunately, the fanaticism has grown so deep and so warped that it becomes necessary to remove some of the most radical permanently to allow freedom to assert itself. Killing those who murder innocents to intimidate and control is far different due to desired outcome. Wanton killing of innocents is criminal and uncivilized. High civilization is impossible to achieve or maintain so long as the uncivilized are allowed to control.
Thinking people understand this readily. Power crazed liberals who refuse to admit full understanding of these facts due to desire for "control" through government are not so far removed from the less civilized radicals who don't even pretend to be civilized. That's why the radicals cozy up to the libs and vice versa.

[latefordinar]

......wow!

[TimP]

Anyone ever give it some thought...the idea that maybe President Bush was being truthful when he said the battle for Iraq is a part of the Gobal War on Terror? That is is just one front of the war?

That maybe, just maybe, he is honestly concerned for our safety and the safety of our country?...and Britians, and Europe and the rest of the world?

That maybe its a LEFT wing plot, dumbing us down to control us, disparaging our President and our troops...and not a RIGHT wing plot to control Iraq's oil??

That maybe the USA did not go into this battle to control or seize Iraq's oil but to ensure a free flow of oil from the Middle East itself???

That maybe there really ARE monsters in this world who want to kill us...and not just idiotic inexperianced soldiers putting panties on the heads of detainees?

That maybe it really isn't ALL ABOUT THE OIL??????????????

....naw, couldn't be...could it?

great post there nomad33

[Rohan's Rider]

Nomad33 - well written. It is and always has been about the huge divide between Islamic fundamentalism and a democratic way of life. We in the West are not without fault - far from it but who wants to be under the yoke of Islam?

The atrocities that have been committed and will continue to be committed on men, women and children under the name of this ghastly not so peaceful religion are like a cancer throughut the world. Yes, we should fear it because always somewhere there are dangerous, indoctrinated young men and sometime women willing to blow themselves up and takes hundreds of innocents with them for a totally errononeous cause.

Frankly I am sick to death with the whole Islamic scenario, the so called moderates who claim their religion is peaceful should stand up and be counted. I have no doubt that if nuclear weapons and/or dirty bombs get into their hands they will use them. They hate us (us meaning non Muslims)with a venom and worse they just don't care because they believe that Allah will reward them however wicked their actions are. I am no fan of GWB and as for $200 billion that seems an awesome amount of money but we have to be vigilant because we cannot let these extremists win.
Remember their ethos is to make the whole world Muslim and I personally would rather be dead than have have that foisted upon me.

[The Baghdaddy]

It is about the oil, but is also about the petrol dollar. They had to invade to keep the oil being sold in dollars, not euros or some basket of currencies.

You hit the nail right on the head. Saddam announces he may peg oil to the euro. He is then removed. Doesn't take the brains of an Arch Bishop to work that one out.........

[The Baghdaddy]

What's it all about??

The oil, it's all about the oil I hear you say. Like everything else on this planet, oil has a price. The US appears to be paying much more than the going rate in both dollars and lives.

What am I babbling about?? A few quick calculations. Bush has just requested a further $200 billion for Iraq next year. Iraq has 120 billion barrels of proven oil reserves. Lets assume the US has staked a claim on 20% of these reserves. thats 24 billion barrels.

$200 billion / 24bb = $8.50 (approx). So in theory, $8.50 of all the 24 billion barrels is paid for already. Then factor in what has already been pumped in.... a guess at $800 billion. This takes the sum total to approx $43 of 24 billion barrels already paid for and this is without factoring the cost of our lost soldiers.

How long will it take to pump that much oil?? Will Iraq be here long enough to pump it??

Unless the US has a sizable stash of dinar to cover these costs, which alot of people dispute, WTF is all this about because it's doesn't seem to be about the oil.

Tiring scouser seeks clarity and ideas.

They are aiming for six million BPD in the not so distant future maybe three years or slightly longer. How long would that take according to your maths? Its Sunday BB I havent the brain power for it lol...........

[British Bulldog]

They are aiming for six million BPD in the not so distant future maybe three years or slightly longer. How long would that take according to your maths? Its Sunday BB I havent the brain power for it lol...........

At 6 mil bpd, US taking a quarter of the daily oil produced... 24 billion / 1.5 miliion bpd = 16 000 days or 43 years.

[The Baghdaddy]

At 6 mil bpd, US taking a quarter of the daily oil produced... 24 billion / 1.5 miliion bpd = 16 000 days or 43 years.

Can you remember not so long back on UK news we only just paid back our WW2 debt to the US. I dont see much of a problem really, it will take them (Iraq) less time than it took us to pay their debt back.

[JIMBODEANR]

JUST A THOUGHT.
What about the AMERO will this factor in, as the US dollar depreciates rapidly. OH this thought has to go to the speculation thread. Could this be just the begining of the acceptance of the AMERO ?

[Gladiator]

The answer to the question of this thread is in posts 8, 10 and 11. Thanks to the posters.

A question that branches from this is what motivates the “useful idiots” ( http://en.wikipedia.org/wiki/Useful_idiot ) to believe propaganda originating from antiwar leaders like George Soros, whose only purpose is to destroy western civilization? It’s not low IQ.

I believe the main reason they fall for propaganda like “Bush lied” or “it’s all about the oil” is fear. Because once you face the fact that you are targeted for death, the next step is to contemplate defending yourself and many do not have the guts to defend themselves either physically or politically.

[Howler]

What's it all about??

The oil, it's all about the oil I hear you say. Like everything else on this planet, oil has a price. The US appears to be paying much more than the going rate in both dollars and lives.

What am I babbling about?? A few quick calculations. Bush has just requested a further $200 billion for Iraq next year. Iraq has 120 billion barrels of proven oil reserves. Lets assume the US has staked a claim on 20% of these reserves. thats 24 billion barrels.

$200 billion / 24bb = $8.50 (approx). So in theory, $8.50 of all the 24 billion barrels is paid for already. Then factor in what has already been pumped in.... a guess at $800 billion. This takes the sum total to approx $43 of 24 billion barrels already paid for and this is without factoring the cost of our lost soldiers.

How long will it take to pump that much oil?? Will Iraq be here long enough to pump it??

Unless the US has a sizable stash of dinar to cover these costs, which alot of people dispute, WTF is all this about because it's doesn't seem to be about the oil.

Tiring scouser seeks clarity and ideas.

Excellent post BB
I've said all along the oil was very important. But the Big Picture invovles planting the seed of democrocy. Effecting change from withing the entire region!

[The Baghdaddy]

Excellent post BB
I've said all along the oil was very important. But the Big Picture invovles planting the seed of democrocy. Effecting change from withing the entire region!

I hear where you are coming from and its a very noble thought. I dont just believe everything I read as most on hear know, but it really is, was and always has been about the oil.
They were planning on how to take out Iraq before even 9/11 just so happened al qaeda had to be dealt with first and they were encamped in Afghanistan.
I have no problem defending myself or my country if I/ we are attacked. To believe that we are in Iraq to sow the seed of democracy smacks of naiivety of childish proportions.
We didnt get taken to war or invade a soverign country to sow the seeds of democracy. We were told they had WMD's. We here in the UK and our parliament were shown an INTELLIGENCE dossier to back this up. That dossier turned out to be a student thesis.
I'm sorry but I hate it all this we are "spreading democracy" rubbish. We would have been far better in Afghanistan swamping it and kicking Al qaeda and Taliban butt there in bigger numbers. Maybe then our kids wouldn't be getting heroin pushed on them at record low prices causing death and misery to many young lives.
Spreading democracy is a noble cause, but if its through the barrell of a gun then what makes us so great. Just my thoughts Howler not out to blast you or anything just countering your post a little.

[Howler]

IMO the oil was just a bonus.
We had to do something in the region. And if this doesnt work.........its end game time.

Iran is teetering on the brink right now. They had some liberties for a while, the younger generation was starting to love thier freedoms. Then the midget dictator took control and imposed Shira law again.
Just that little taste of freedom they had, might be enough to topple Iran from within. That my friend is the true reason we are in the middle east. To give the people over there something besides hate. Because if thats all they have, they will, eventually come after us!