Who is keeping track of all the Iraqi oil we are stealing?

[NNN0LHI]

Anyone?

Don

[Captain Hilts]

1. I've not seen any legitimate source saying this. nt

[cosmik debris]

2. Bartcop.com

Has an opinion on this.

[Vorta]

3. More importantly, why is gas still so expensive?

If they are stealing it, they are stealing it twice- once from the Iraqi and once from Americans who paid to have it stolen and aren't' getting a return on our investment.

[lapfog_1]

4. We WOULD be stealing it if we could

but those pesky dead-enders, er, Al-Qada terrorists, er, insurgents... well, whoever they are, they keep blowing up the damn pipelines and shit. And we can't send out enough troops to protect the workers we hired to fix it. so it kinda sucks. Iraqis, under Saddam, paid almost nothing for gasoline ($.10/gallon), but now there are severe shortages because the oil can't even get to the refineries in Iraq, much less to a port for loading an Exxon tanker.

[alfredo]

5. The gas is not being metered.

There is no way of knowing how much oil is being pumped and put on the market.

[DocSavage]

6. There is a way to track output`

http://www.eia.doe.gov/emeu/ipsr/supply.html Of course if you do not want US Stats, http://news.bbc.co.uk/2/hi/business/5117170.stm

[NNN0LHI]

7. The first link is to US stats and the second one quotes our Iraqi puppets

Which one should I trust more?

Don

[DocSavage]

9. Jeez, I don't know

how about the oil fairy, or your oiji board. How about the spot market. Yeh, use them because the world spot market uses the weekly and monthly stats to set crude prices. What do you demand, a verified reference recommended by the DNC, Al Gore, the tooth fairy?

Trust what ever you want or don't want, but I was responding to the post stating that oil output was not metered. Well, if there are stats on BPD pumped, it must be metered or at least estimated.

[alfredo]

10. Not sure if they are metering now, but back in 2004

it was not being metered.


http://www.iamb.info/min/m031704.htm

The IAMB was informed that crude oil extraction is currently not metered. This precludes a reconciliation of all crude oil extracted with its eventual utilization and represents an internal control weakness which needs to be addressed urgently. The IAMB was informed of the steps taken by the CPA to mitigate the consequences of such weakness and to curtail smuggling. The IAMB welcomed these interim steps and recommended the expeditious installation of metering equipment in accordance with standard oil industry practices.

[DocSavage]

11. It would seem to me

that if Iraq was getting ANY oil revenue, it would have to be metered. Once it is onboard a tanker, it is a commodity, someone knows how much of that commodity is out there because someone paid for it. I mean if I get a contract for 1 MBL of iraqi crude, I would want to know that I got my 1 million barrels. And I am sure that not to many people will be doing business with a country that may be shortchanging a buyer on thier purchase.

[alfredo]

12. As we have just learned today, the insurgents are

making a lot of money smuggling oil. What's to keep the oil barons from selling on the black market and pocketing the money, or diverting much of it to the insurgents?

How much regulation is there in Iraq?

[alfredo]

13. As we have just learned today, the insurgents are

making a lot of money smuggling oil. What's to keep the oil barons from selling on the black market and pocketing the money, or diverting much of it to the insurgents?

How much regulation is there in Iraq?

[DocSavage]

22. Tanker full loads

or trucks. Have no idea about the paper work on oil, but I bet smuggling a super tankers worth of oil would be tough. Tanker trucks to Syria, can buy that. No idea about the regulation there is, but what major oil co that deals with the US is going to want to be cought with inventory that they paid the insurgents for? Far as other countries, well, can only do what you can do. Not sure being business partners with the insurgent factions is quite the way to grow your business if you know that I mean.

[alfredo]

23. It depends on the loyalties of the owners and workers.

Their loyalty is to money.


It is war and anything can be justified. There is no real law by design. Corporations are not regulated there to begin with. Remember, their constitution was written with major concessions to the US and US companies. US companies have immunity from Iraqi law.

[Captain Hilts]

8. As evil as we are, we've no motivation to steal it, right now.

People waiting in line for hours to buy gas and getting killed while doing so, and the US forced to pay the WHOLE BILL as a result of lousy output does not contribute to our stealing the fuel for our own purposes.

Besides the oil cronies of Bush, cheney, Rice, LOVE having shorter supplies to keep the price up.

So, no, I don't think we're stealing oil.

[HCE SuiGeneris]

14. So, the oil being pumped out of Iraq is being

accounted for by whom?

[malaise]

15. Exon., Mobil, Chevron BP, etc. n/t

[HCE SuiGeneris]

17. Exactly. n/t

[lonestarnot]

16. They lead us to believe not a drop is being pulled.

:shrug:

[raysr]

18. "WE?"

There's no "w-e" in BFEE!

[dailykoff]

19. The same guys keeping track of the Pentagon's missing trillions.

You know, those accountants who got incinerated on 9/11?

[scarletwoman]

20. Bwaaaahaaaaahaaaaaahaaaaaaaaa! Stop it! You're killing me here!

Keeping track?!?! Didn't you know that "freedom is messy"?

sw

[Imagevision]

21. The first two tankers out of Iraq went to Chevron & Texaco - but too many oil pipelines have been

bombed, to the tune of 1-2 per week which isn't being reported...