The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on October 05, 2010, 03:09:39 PM
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kpete (1000+ posts) Tue Oct-05-10 07:59 PM
Original message
MISSION ACCOMPLISHED! Iraqi Oil Reserves: Why Exxon (& Halliburton) Stands to Win Big
Edited on Tue Oct-05-10 08:00 PM by kpete
Iraqi Oil Reserves: Why Exxon Stands to Win Big
By Kirsten Korosec | October 4, 2010
Iraq increased the official size of its proven reserves Monday to 143.1 billion barrels of oil, which — if true — pushes the war-torn country past Iran to become the world’s second-largest holder of conventional oil reserves. At the moment, the 25 percent increase in Iraq’s oil reserves doesn’t mean much. The price of crude isn’t going to change overnight and Iraq won’t suddenly bypass Saudi Arabia — a nation that produces nearly six times more oil — in exports.
But the new oil reserves figure is important for Iraq for two reasons: Foreign investment and a large production quota within OPEC. For a company like Exxon (XOM), which already has a contract to boost production in Iraq, a large quota could open some additional revenue opportunities as more outside investors look for established partners to rebuild the country’s infrastructure. In short, large production quota equals some stability, which in turn attracts foreign investors.
OPEC and production quotas
Iraq exports some 2 million barrels of oil per day, but it doesn’t have a quota within OPEC, the cartel of oil-exporting countries. A large quota would help Iraq because the country depends almost solely on oil for its foreign currency earnings.
Iraq is clearly gunning for the large quota. There’s just one problem. Iraq’s proven reserves mean nothing without significant foreign investment that will rebuild its old, poorly maintained oil fields, export terminal and pipelines. In short, it’s not the oil reserves that are holding Iraq back, it’s the country’s ability to produce and export it. And that’s where companies like Exxon and BP and oil field services firms like Halliburton (HAL) come in.
more:
http://www.bnet.com/blog/clean-energy/iraqi-oil-reserve...
where is cheney, anyway?
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Iraq Lifts Oil Reserves Estimate to 143 Billion Barrels, Overtakes Iran
By Kadhim Ajrash and Nayla Razzouk - Oct 4, 2010
http://www.bloomberg.com/news/print/2010-10-04/iraq-lif...
So Cheney ordered the invastion in 2003 knowing that these reserves wuld be found in 2010.
GENIUS!
Of course, here's the question no liberal has ever had the balls to answer: Why not just play ball with Saddam the way the French, Russians and UN were doing? All profit, no fuss. The libs have nothing but glowing rationalizations about why Saddam wasn't such a bad guy after all so it's not like they would have disapproved on humanitarian grounds and since neocons are only in it for the money...
How about it lurking DUmabsses. Why not just get cuddly with Saddam? You got that pic of him and Rummy shaking hands.
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So Cheney ordered the invastion in 2003 knowing that these reserves wuld be found in 2010.
****in Dick Cheney ****in RAWKS!!!! :cheersmate:
Reminds me of an oldie but a goodie...
• When it snows in Washington, Dick Cheney doesn't put chains on his tires, but instead uses hippies.
• Dick Cheney's favorite snack? Souls.
• Ants have the proportional strength of Dick Cheney.
• For the past 32 years during his family's Christmas dinner Dick Cheney has carved and served the turkey pardoned by the President at Thanksgiving.
• In most places where West Texas Intermediate (WTI) crude oil is pumped and sold, it is actually referred to by its more common name, "light, sweet Cheney."
• Dick Cheney was bitten by a radioactive spider in high school, imparting to the spider Cheney-like powers.
• When a new senator places his hand on the book to be sworn in, very few realize it is actually the Necronomicon until Cheney laughs and tells them "you're mine now".
• The only thing hard enough to cut Dick Cheney is Dick Cheney.
• While on a sex-spree in a Tijuana [brothel], Dick Cheney used a live cougar as a condom... The bodycount was fourteen Mexican [hookers] and one cougar... In Tijuana, they refer to this as "The Night of the Sodomizing Cougar-Man." Dick Cheney refers to it as "last Thursday."
• Bathes every night in the warm, viscous plasma of freshly killed Iraqi insurgents to keep his skin soft.
• After turning down an offer from Mafia Don, Cheney woke up with a horse head in his bed one morning. He grabbed it, held it like a teddy bear, and went back to sleep.
• It is widely believed that free-range chickens are far superior to captive ones, as they result in a more tender, juicy, healthful meal. Dick Cheney believes this too, but about homeless people.
• Dick Cheney refuses to obey the First Law of Thermodynamics on principle.
• Cheney's birth weight was 12 pounds 7 ounces, but had to be revised to 6 pounds 11 ounces after circumcision.
• Dick Cheney carries a leather bag filled with one tooth from the mouth of every man he's murdered in cold blood. The bag is forty feet in diameter and weighs approximately six tons. When Harry Reid pisses him off, he just points to his Big Bag O' Teeth and mouths out the words, "There's still room."
• Dick Cheney blocked the filming of The Lord of the Rings for forty years, because he deemed Elves "too f***ing faggy." Production could only begin once he was busy running for the Vice Presidency.
• Dich Cheney's measured, elegant speaking style belies the fact that he opens all Senate sessions with "Listen up, motherf***ers.", and then throws a gavel at Barbara Boxer.
• As CEO of Halliburton, executives from rival megacorporations would attempt to kill or capture Cheney to ransom him for Halliburton stocks. Cheney survived all 273 such attacks, his Wyoming ranch uses their skulls to mark his territory.
• His snarl was formed at an early age. While breastfeeding, he'd tell his dad to "Back the f*** off."
• In a bow to conservationsists, Dick Cheney converted his SUV. It now runs on orphans. And puppies. And orphan puppies. Also, it gets 1 mpg city, 3 freeway. And he never leaves the city.
• Doctors turn their head when Dick Cheney coughs.
• Most people don't know Cheney has a soft side. One time he executed a waiter at a resturant with a steak knife (the waiter was late coming with Dick's steak sauce). Saddened by what he had done, Cheney wept openly for a full minute. Then he cut out the waiter's heart and ate it, tears running down his cheeks.
• In quatrain X 75, Nostradamus wrote: A horse-like man, the king he'll rule - to take black gold in eastern soil - A name of chayne, fooler of fools - Anti-Christ to hats of foyle
• To this day, John Edwards often wakes up screaming in the middle of the night, terrified that the last thing he's going to hear before he dies is the words "Let me simply thank the senator for the kind words he said about my family and our daughter. I appreciate that very much."
• Toughest part of George Bush's job - convincing Cheney to give better justification in meetings with foreign dignitaries than "Because that's just the ****iin' way I want it."
• As a youth, angrily denounced Pol Pot for "just phoning it in, sometimes."
• When Dick Cheney shaves in the morning he has to hold a loaded .44 to his head to keep from cutting his own throat.
• Dick Cheney is so hard, he has a vestigal immune system.
• Dick Cheney made the President and CEO of Lockheed Martin piss his pants at a demonstration flight of the F-22 by saying "this better rock, bitch".
• Dick Cheney used to write childrens' stories under the pen name "H.P. Lovecraft."
• During a 1962 fraternity road trip Cheney attended a donkey show in a Tijuana nightclub. Today, as the "Shrine of the Weeping Burro," it attracts over 3 million pilgrims annually.
• Dick Cheney invented the sport of kitten-stapling, including both the height and span categories.
• Cheney is in a secure bunker in an undisclosed location. Not for his protection, but for ours.
The man gives my 67 year-old mom serious crotch burn and turns libtard heads to liquid shit. Ergo, he may as well be the second coming for all I care. :-)
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While on a sex-spree in a Tijuana [brothel], Dick Cheney used a live cougar as a condom... The bodycount was fourteen Mexican [hookers] and one cougar... In Tijuana, they refer to this as "The Night of the Sodomizing Cougar-Man." Dick Cheney refers to it as "last Thursday."
:bow:
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I love this one:
• In quatrain X 75, Nostradamus wrote: A horse-like man, the king he'll rule - to take black gold in eastern soil - A name of chayne, fooler of fools - Anti-Christ to hats of foyle
:rotf: :lmao: :evillaugh: :rotf: :lmao: :evillaugh: :rotf: :lmao: :evillaugh:
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If only "W' woulda borrowed his balls, then I could've slept soundly for eight years!!
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If only "W' woulda borrowed his balls, then I could've slept soundly for eight years!!
No shit, man. I've always admired Rove, but something tells me Cheney would've nipped the DUmmie's ass' in the bud.
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If only "W' woulda borrowed his balls, then I could've slept soundly for eight years!!
YES!! Now you're talking. :cheersmate:
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Was he talking about Dick Cheney, or Chuck Norris?
Either way, DUmmies always loose control over all bodily functions and retreat to their pizza-box filled basements at the mere mention of either ones name.
So it's all good! :cheersmate:
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Dick Cheney was, is, and always will be THE MAN! :bow:
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Does kpete ever have an original thought or does the bitch just copy & paste stuff at the DUmp? I don't think I've ever seen her reply to a thread, she just copies the looniest crap from other sites.
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Does kpete ever have an original thought or does the bitch just copy & paste stuff at the DUmp? I don't think I've ever seen her reply to a thread, she just copies the looniest crap from other sites.
She's as vaccuous as the sites she visits.
Seriously, how does finding oil reserves 7 years after the fact prove anything? If Saddam didn't know he had the oil then how the hell was the World Zionist Neocon Enterprises, LLC supposed to have known?
The only thing these idiots know is war + oil = evil = Cheney. It's a prime example of a logical fallacy (i.e. the undistributed middle: all horses are animals ergo all animals are horses) and the idiots cocoon themselves at DU to avoid what they not is not intellectually sustainable.
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She's as vaccuous as the sites she visits.
Seriously, how does finding oil reserves 7 years after the fact prove anything? If Saddam didn't know he had the oil then how the hell was the World Zionist Neocon Enterprises, LLC supposed to have known?
The only thing these idiots know is war + oil = evil = Cheney. It's a prime example of a logical fallacy (i.e. the undistributed middle: all horses are animals ergo all animals are horses) and the idiots cocoon themselves at DU to avoid what they not is not intellectually sustainable.
Best description of DUmmie mental masturbation that I have run across!
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• Toughest part of George Bush's job - convincing Cheney to give better justification in meetings with foreign dignitaries than "Because that's just the ****iin' way I want it."
:lmao:
Classic!