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341 comments on DrumBeat: December 1, 2007

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gettingwarm on December 1, 2007 - 10:18am Permalink | Subthread | Comments top

"Iran's oil and gas reserves amount to 138 billion barrels and 28. 2 trillion cubic meters respectively, the petroleum minister announced here on Friday"

Why is this news? Is this more or less than previously stated? Sounds like they are producing next max.

Why would we want to attack a country whose oil production has peaked?

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paal myrtvedt on December 1, 2007 - 10:24am Permalink | Subthread | Parent | Comments top

No one will attack Iran for x+z reasons...

– its all hot air

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TrueKaiser on December 1, 2007 - 11:11am Permalink | Subthread | Parent | Comments top

One could of made the same statement about attacking iraq but look how that ended up.
Basically just because the region is past peak doesn't mean that target is off the list, there is still allot left to be 'acquired'

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paal myrtvedt on December 1, 2007 - 11:45am Permalink | Subthread | Parent | Comments top

I forgot the Y , the equation should state : x+y+z, where Y is “all that new information acquired since they (US army) got stranded in Iraq and Afghanistan”…. That’s a lot of new no-no info IMHO, and the US will get no support from anyone , maybe but Israel

And whatever oil is available in Iran, the US has to just follow the queue, just like the rest of us and keep the monies ready ;-)

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stiv on December 1, 2007 - 12:09pm Permalink | Subthread | Parent | Comments top

But remember, the US is still trying to get the Iraqi government to approve laws favorable to "Production Sharing Agreements" with big oil companies-- http://www.globalpolicy.org/security/oil/2005/crudedesigns.htm

The other thing the US got was a defense of the value of the dollar against the Euro:
http://www.thinkandask.com/news/thedollar.html

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rainsong on December 2, 2007 - 9:18am Permalink | Subthread | Parent | Comments top

The value of the dollar is not well defended. The euro was worth .90 dollars in 2002 and is now worth about $1.46. The value of the euro is well defended by the Europeans balancing their government budgets better than the Americans.
The attack on Iraq in search of WMD's and Alqaeda training camps was a complete fraud. The promises to the Iraqis of freedom proved fruitless. There has been a great loss of freedom and increase in violence since the attack began. Religious militias terrorized the populace more than when the Baathist regime was in power.
Any gains in business for multinational oil companies and Haliburton in Iraq have not been able to offset the deep costs to the American taxpayers. Haliburton moved to the UAE and no longer pays taxes to the United States anyway.
The last time Cheney threatened to launch a preemptive strike on Iran someone brought forth a motion to impeach him. The Republicans have lost much credibility and political power since they lied to the American public about Iraq's actions and intentions.

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341 comments on DrumBeat: December 1, 2007

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