#1 OK, I've defended this war enough. F*ck the Iraqis.08-29-2008, 02:30 PMBEIJING (AFP) — China hailed Thursday a three-billion-dollar oil agreement with Iraq as a win for both nations, as it sought to reassure the rest of the world that it should not be concerned by the deal.
Becoming the first foreign firm to enter such an agreement since the end of Saddam Hussein's regime, state-owned China National Petroleum Corp. (CNPC) this week won the right to develop the Al-Ahdab oil field south of Baghdad.
"The cooperation between the relevant oil companies from China and Iraq is mutually beneficial," foreign ministry spokesman Qin Gang told reporters after the Iraqi embassy in Beijing said the deal had been reached.
"It will be conducive to the economic development of Iraq, and will meet China's demands in the oil field as well, and is also conducted according to market rules and will not harm any interests of any third parties."
The agreement, reached during a visit to China by Iraqi Oil Minister Hussain al-Shahristani, revives a 1997 contract that granted China exploration rights to the Al-Ahdab oil field in the province of Wassit.
After China won the rights to the al-Ahdab field in a deal then valued at 700 million dollars over 23 years, activities were suspended due to UN sanctions and security issues following the US-led war in 2003 that toppled Saddam.
Planned oil production was then 90,000 barrels per day (bpd), and CNPC had been expected to win the new exploration rights.http://afp.google.com/article/ALeqM5...bAMKfdfXJkmqZQ
Fuck the Iraqis!!!!! I don't give a shit if we pull out today. Honestly, if this is the thanks we get then they can defend themselves. I don't recall seeing a number on how many Chinese soldiers died to free their sorry asses. Do you? We've won, now pull out and let the bastards fend for themselves.
08-29-2008, 02:35 PM
$79,000,000,000.00 surplus and we're still spending $1,984.13 per second in Iraq for..........help me out here, guys.
Last edited by LogansPapa; 08-29-2008 at 02:52 PM. Reason: spellingAt Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
08-29-2008, 02:44 PM
I'm not sure what to make of this. As a ruthless capitalist, I have to grudgingly recognize that other nations will happily do what the US isn't doing while we're scratching our collective rear.
On the other hand, if I were an Iraqi politician, I'd be falling over myself to keep the US's oil vats full - what exactly is/was China's role in liberating Iraq? There is such a thing as a 'moral obligation'.
This of course opens the discussion to whether or not we agree with the occupation of Iraq, but I won't go down that road now. :D
Last edited by Troll; 08-29-2008 at 02:47 PM.Nothing helps a bad mood like spreading it around.
08-29-2008, 04:21 PM
Now we're defending China's oil. The least Iraq could do is sell us oil at 75% of market value. They get the 755 and the additional 25% could go against theri debt to us. Fuck em, they can rot in hell.
08-29-2008, 04:30 PM
- Join Date
- May 2008
Lets invade Iraq!!! Oh.... wait...
Sorry couldn't resist ;)
08-29-2008, 04:34 PM
- Join Date
- May 2008
08-29-2008, 04:42 PM
08-29-2008, 04:49 PM
Well guys, we didn't go in for Oil, like everyone accused us of.
I don't view this as that bad of a thing. Help me out if my facts are skewed. But doesn't this mean that Iraq will start producing more oil now? Who cares if it's China or the US. Capitalism in action, if China is getting all thier oil from Iraq, that gives us other places to buy from. Supply and demand, right now demand is HIGH, more supply is Good!
Of course we have to acknowledge China growing needs for oil. They have a right to buy oil the same as we do.___________________________
08-29-2008, 05:06 PM
This is the same argument that some (including myself) have used about our own off-shore drilling expansion: What will make private corporations sell it to the United States and not the highest bidder, like China?
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