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  •  aside from the investment... (none / 0)

    few are mentioning the furor over the raising of oil in iraq to .47 cents a gallon - this is a totally devastated country where gas USED to be about a nickel!

    now, if americans(neocons) think that the iraqis are going to sit back and allow exploitation of those fields to happen in the future, i think they are sadly miscalculating!  

    this move was supposedly made to allow the increase to "pay for the poor" - but no one is buying it - including the puppet government!  look for this issue and the "price gouging" in iraq to set the stage for someone to decide to blow up those fields!  

    it is going to get really ugly before the iraqis succeed in "getting the u.s. out of iraq"!  

    draftgore2008 and northington 08 DE-AL

    by edrie on Tue Dec 20, 2005 at 08:27:22 AM PDT

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    •  about this (none / 0)

      It's hard to defend fuel subsidies as it leads to incredibly wasteful behavior, and a sense of entitlement, but it's hard to take it away when it's the only thing these people feel they have a right to in the country (where oil is plentiful). The irony of course is that Iraq has to import gasoline as its refineries do not produce enough.

      But these subsidies generate incredible waste, corruption and trafficking with neighbors.

      European Tribune / The Oil Drum / EA2020

      by Jerome a Paris on Tue Dec 20, 2005 at 09:30:51 AM PDT

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