Iraq Oil

Notice how the drive-by media is playing the Iraq story, by ignoring it. Now that success has come, the drive-by media has moved on, pumping their chosen Comrade and hoping to sell their counterfeit American to an unsuspecting public. Iraq is but a distant memory. The drive-by media and the Democrat Marxist party think just because the polls show, don't you love polls, that a high percentage of American voters think Iraq was a mistake, comes word that Iraq has lots of oil, much of it unknown before the freeing of Iraq from the slavery of Saddam Husein.

The polls are figments of the minds of deranged Democrats and their eneblers the drive-by parrots in the media. One thing with polls, they can change suddenly.

The International Herald Tribune has this story today about what is taking place regarding Iraq's oil. No they haven't got an oil deal amongst themselves yet, revenue sharing is still the stuck point, but they are pursuing the development and increase in production -- They need the money additional oil sales will bring in. Some choice quotes, while navigating around the BS ...

Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq's Oil Ministry for no-bid contracts to service Iraq's largest fields, according to ministry officials, oil company officials and an American diplomat.

The deals, expected to be announced on June 30, will lay the foundation for the first commercial work for the major companies in Iraq since the American invasion, and open a new and potentially lucrative country for their operations.

The U.S. oil companies return to Iraq looks promising, Iraq knows U.S. technology is the best there is.

The Iraqi government's stated goal in inviting back the major companies is to increase oil production by half a million barrels per day by attracting modern technology and expertise to oil fields now desperately short of both. The revenue would be used for reconstruction, although the Iraqi government has had trouble spending the oil revenues it now has, in part because of bureaucratic inefficiency.

Translation, Iraq wants the money added sales will bring in, and why not.

The Iraqi Oil Ministry, through a spokesman, said the no-bid contracts were a stop-gap measure to bring modern skills into the fields while the oil law was pending in Parliament.

It said the companies had been chosen because they had been advising the ministry without charge for two years before being awarded the contracts, and because these companies had the needed technology.

A Shell spokeswoman hinted at the kind of work the companies might be engaged in. "We can confirm that we have submitted a conceptual proposal to the Iraqi authorities to minimize current and future gas flaring in the south through gas gathering and utilization," said the spokeswoman, Marnie Funk. "The contents of the proposal are confidential."

While small, the deals hold great promise for the companies.

Sets up the obvious, which is developing the newly discovered oil fields which some say bring Iraq into the lead position worldwide with oil reserves. Estimates range to a high of about 1.5 times the reserves of Saudi Arabia.

The impact, experts say, could be remarkable increases in Iraqi oil output.

And that my friends is the goal for everyone.

Oh yeah, about that counterfeit American, the Kenyan Marxists Comrade Obama, that's a no sale as well, just wait.