CameronPoe wrote:
Pug wrote:
CameronPoe wrote:
Well this is what you guys went into Iraq for. And this is the result of the law you wrote and set out as a 'benchmark' for the Iraqi parliament to pass. If I was an Iraqi I'd want the oil industry fully nationalised. Why should some foreign piece of shit get a red cent from the resources of my country? Oil is not fit for free markets.
Other countries were in Iraq before the war.
"Oil is not fit for free markets"?
Why because its a commodity?
Because it is way too easily gamed. Speculators have a field day with the stuff. It's very finite nature is the cause. Unlike corn there will come a point in time when there won't be any left.
Well, we're on the other side on this one:
1) Iraq had international business ties before the war. The US was getting oil from Iraq before the war. Your logic will limit their growth.
2) Iraq had business with these companies before the war.
3) I do not believe restricting the market will be beneficial for Iraq. They can always invest (Dubai or Jordan or Iran) their oil profits to develop other economic base instead of squandering it (Syria).
4) If they don't trade their oil, do they have an "Okay" economic base? They didn't have one without oil before the war...what would they have in Iraq without oil? Of course, that had a lot to do with
Saddam's state-run monopoly scooping up all the profits, getting rich, and ignoring the people. Perhaps
now the government has changed they won't act like cattle barons.
5) Oil is a commodity, same as corn. However, countries sell the surplus of what they use to get something they don't have. Are you telling me you are against doing business internationally? Countries shouldn't sell their surplus? Corn should rot while people starve? Is Ireland completely self-sufficient, to where no goods or commerce leaves the island? History question for you: What was one of the reasons for Japan attacking the US? It was an embargo. Guess what happens when an economic deal is not struck and people need the resource? And you are in favor of this philosophy?