Closed contract vs. Open market


S592R

S592R

GT Owner
Mark IV Lifetime
Dec 3, 2006
2,800
You know a few things have been going around in my head about Iraq, oil and the "markets".

What really prevents us from going to the Iraqi government and cutting a deal where we purchase oil directly from the well head at a cost of production + X cost in exchange for our continuing presence in the country.

Now most are going to knee jerk and say "well, they'd just ask us to leave". Not really, in the pressure to avoid an all out civil war and to remain sovereign they would have to take that deal.

Now, remember we are buying fuel there at the same cost that it costs us at the pumps here. Also, do you think that USA is going to recoup the money spent on nation building in Iraq? Nope. Never happen. I wish Europe would pay us back with interest for all those Marshall plan loans now sixty years old that former jack@ss politicians just forgave for no real reason.

I for one am tired of paying the debts of the entire world and would like to see some positive pro USA (the only remaining superpower) business deals in exchange for being the police force of the world. You know that logo fits us. We are hated around the world until someone is getting in to trouble then its "daddy, daddy, please help us." Have a weather event. ... call on the USA. Get invaded ... call on the USA. Have a b#tch about your neighbor .. blame it on the USA. Yep. were a nation of cops. :bored
 
I knew there was something I liked about you....
 
In our free enterprise system, which we all enjoy, it is not the government that purchases the oil, but private companies, many of which are foreign owned - Shell is Dutch, BP is British, etc.

I'm sure Ms. Clinton or Mr. Obama would love to redistribute the wealth, but do we really want to give up our free enterpise system? Unfortunately, with oil, the OPEC nations control the price, rather than succumbing to the age-old trade laws of supply and demand. It's a quandary without a solution. Plus, as we bring 3rd world countries into the industrial world, the demand for the product increases. Moving our manufacturing off-shore has created an energy need by other countries (Thank you, NAFTA!!!!!), allowing us to pay lower prices for goods, but does it equalize out when it causes our energy prices to soar because they are soaking up the oil away from us? Then, as they have to pay increased prices for the energy, we get hit from both sides. Wouldn't it be better to keep the manufacturing here with imposed tariffs and thus maintain our stranglehold as the country everyone wants to ship their oil to? I don't know, but obviously there is no easy solution - unless you're trying to buy votes.

I still believe that the free enterprise system is the best, but everyone wants to screw with it - changing the equilibrium. Perhaps we should stop bringing the 3rd world into the industrialized nations - that might reduce our taxes too, if we don't give so much money away....
 
DPGT said:
What really prevents us from going to the Iraqi government and cutting a deal where we purchase oil directly from the well head at a cost of production + X cost in exchange for our continuing presence in the country.
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OH, but, DP!!!!! We just COULDN'T do THAT!!! Oh, no, NO! 'Cause then th' whole world (to say nothing of evey Dim-o-crap in THIS country!) would all be screaming, "There! You SEE! The Iraq thing was all about an OIL supply for the U.S. all along!!!"

(Now, ask me if I CARE. :bored This shudda been done about $100 Billion dollars ago...)
 
we should start a nationwide write in candidate campaign. get everyone pissed off about paying higher oil prices to write in the same person. See what happens then.


Re the purchased by oil companies. There is one thing that governments have done often throughout history. That is seizing strategic assets and placing them under governmental control. In short creating a state run monopoly. Now I am not saying that it is a good thing but the threat of it might make a few peoples stand up and take notice. "The artificial inflation of oil is a direct action meant to undermine the United States .... and for security reasons I am inacting executive order #XXXXX to ...." I wonder how quickly the market would adjust if the worlds sole super power made a "security adjustment" or if it was leaked that it was contemplating it?

RE NAFTA .. Ross Perot said it best "You hear that great big sucking sound? thats jobs going to Mexico.." People laughed ... but he was right and along with it so did all the things necessary to support those jobs and a change in life style for those peoples. Now they are headed up to the "first world" and we MIGHT be headed down the pipe to the third world. We have only been a world power since 1942. Remember that.
 
Amen and God Bless America........We need to start standing up for this country and tell Iraq we saved you with blood now we want our oil. Start drilling in Alaska right away.

And for all you others our flag is RED WHITE AND BLUE...NOT red white and green.
 
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Some OPEC producers IMPORT gasoline...
 
Kayvan said:
Some OPEC producers IMPORT gasoline...
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some of them own refineries in the US also. start looking at the shareholders list (institutional) of some of the companies to see who really "owns" them.
 
The 3 im thinking of are state owned/nationalized
 
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