Monday, January 11, 2010

Iraqi Oil to Help American Economy, Hurt America’s Enemies

by Ryan Mauro
We’ve all heard the mantra. The U.S. economic recession is made significantly worse by the extremely high cost of Operation Iraqi Freedom, with a price tag of nearly $700 billion going into 2010.

The cost of the war in Iraq has been unnecessarily and tragically high, both in lives and treasure, but if the Iraqi government has its way, the country will massively increase its oil output, bringing down the price of oil and decisively impacting global geopolitics in the West’s favor.

The Russian Lukoil company has won a massive contract to develop the West Qurna Phase 2 oil field in southern Iraq, putting to rest allegations that the Bush administration launched the war to seize the fields for its buddies in the oil business, a laughable accusation of Satan-level evil that has had a disappointingly long shelf life.

When news of the deal was published, my good friend and fellow Pajamas Media writer Nick Guariglia lamented, saying on his Facebook page, “our blood; Russia’s oil.”

Most readers upon reading this will agree, but there is much reason to be excited about how America and the free world will benefit from this deal. Yes, you read that right. This deal may end up being just what America needs in this time of economic and geopolitical crisis.

Iraq wants to increase its oil production, which currently stands at 2.5 million barrels per day, to a whopping 12 million barrels per day in ten years.

The minister of oil thinks this can even be accomplished by 2016. That would make Iraq the second largest oil producer in the world, behind only Saudi Arabia. Lukoil is excited about the future of Iraq, saying it will cause a “revolution” in the market by increasing the world’s oil supply by 20 percent.

“A top manager at a leading Western firm said the modern history of the oil business will be split into the pre-Iraq and post-Iraq periods. I agree,” said Leonid Fedun, a Lukoil shareholder who was ranked #122 on Forbes’ list of the world’s billionaires this year.

Some are saying this goal is too ambitious and is “crazy.” That may or may not be true, but Iraq’s oil output is about to dramatically increase and impact the world’s dynamics.

This will probably result in a decrease in oil prices unless Iraq agrees to OPEC’s demands to keep the price high, something the Iraqis will be reluctant to do if they feel they can get a bigger share of the pie through competitive pricing.

And the Iraqis aren’t so hot on the Saudis and their other neighbors right now anyway.

More at Pajamas Media




Blog Archive


FEEDJIT Live Traffic Feed

Followers

Copyright Muslims Against Sharia 2008. All rights reserved. E-mail: info AT ReformIslam.org
Stop Honorcide!



Latest Recipients of
The Dhimmi Award
Dr. Phil
George Casey


The Dhimmi Award


Previous Recipients of
The Dhimmi Award




Latest Recipient of the
World-Class Hypocrite Award
Mainstream Media


World-Class Hypocrite Award


Previous Recipients of the
World-Class Hypocrite Award




Latest Recipient of the
MASH Award
Dr. Arash Hejazi


MASH Award


Previous Recipients of the
MASH Award




Latest Recipient of the
Yellow Rag Award
CNN


Yellow Rag Award


Previous Recipients of the
Yellow Rag Award




Latest Recipient of
The Face of Evil Award
Nidal Malik Hasan


The Face of Evil Award


Previous Recipients of
The Face of Evil Award




Latest Recipients of the
Distinguished Islamofascist Award
ADC, CAIR, MAS


Distinguished Islamofascist Award


Previous Recipients of the
Distinguished Islamofascist Award




Latest Recipient of the
Goebbels-Warner Award
ISNA


Goebbels-Warner Award


Previous Recipients of the
Goebbels-Warner Award




Muslm Mafia



Latest Recipient of the
Evil Dumbass Award
Somali Pirates


Evil Dumbass Award


Previous Recipients of the
Evil Dumbass Award




Insane P.I. Bill Warner
Learn about
Anti-MASH
Defamation Campaign

by Internet Thugs




Latest Recipient of the
Retarded Rabbi Award
Shmuley Boteach


Retarded Rabbi Award


Previous Recipients of the
Retarded Rabbi Award




Latest Recipient of the
Mad Mullah Award
Omar Bakri Muhammed


Mad Mullah Award


Previous Recipients of the
Mad Mullah Award




Stop Sharia Now!
ACT! For America




Latest Recipient of the
Demented Priest Award
Desmond Tutu


Demented Priest Award


Previous Recipients of the
Demented Priest Award




Egyptian Gaza Initiative

Egyptian Gaza




Note: majority of users who have posting privileges on MASH blog are not MASH members. Comments are slightly moderated. MASH does not necessarily endorse every opinion posted on this blog.



HONORARY MEMBERS
of

Muslims Against Sharia
Salah Uddin Shoaib Choudhury
Hasan Mahmud

ANTI-FASCISTS of ISLAM
Prominent.Moderate.Muslims
Tewfik Allal
Ali Alyami & Center for Democracy and Human Rights in Saudi Arabia
Zeyno Baran
Brigitte Bardet
Dr. Suliman Bashear
British Muslims
for Secular Democracy

Center for Islamic Pluralism
Tarek Fatah
Farid Ghadry &
Reform Party of Syria

Dr. Tawfik Hamid
Jamal Hasan
Tarek Heggy
Dr. M. Zuhdi Jasser &
American Islamic
Forum for Democracy

Sheikh Muhammed Hisham
Kabbani & Islamic
Supreme Council of America

Sayed Parwiz Kambakhsh
Nibras Kazimi
Naser Khader &
The Association
of Democratic Muslims

Mufti Muhammedgali Khuzin
Shiraz Maher
Irshad Manji
Salim Mansur
Maajid Nawaz
Sheikh Prof. Abdul Hadi Palazzi
& Cultural Institute of the
Italian Islamic Community and
the Italian Muslim Assembly

Arifur Rahman
Raheel Raza
Imad Sa'ad
Secular Islam Summit
Mohamed Sifaoui
Mahmoud Mohamed Taha
Amir Taheri
Ghows Zalmay
Supna Zaidi &
Islamist Watch /
Muslim World Today /
Council For Democracy And Tolerance
Prominent ex-Muslims
Ayaan Hirsi Ali
Magdi Allam
Zachariah Anani
Nonie Darwish
Abul Kasem
Hossain Salahuddin
Kamal Saleem
Walid Shoebat
Ali Sina & Faith Freedom
Dr. Wafa Sultan
Ibn Warraq

Defend Freedom of Speech

ISLAMIC FASCISTS
Islamists claiming to be Moderates
American Islamic Group
American Muslim Alliance
American Muslim Council
Al Hedayah Islamic Center (TX)
BestMuslimSites.com
Canadian Islamic Congress
Canadian Muslim Union
Council on American-Islamic Relations
Dar Elsalam Islamic Center (TX)
DFW Islamic Educational Center, Inc. (TX)
Holy Land Foundation for Relief and Development (Closed)
Ed Husain & Quilliam Foundation
Islamic Association for Palestine (Closed)
Islamic Association of Tarrant County (TX)
Islamic Center of Charlotte (NC) & Jibril Hough
Islamic Center of Irving (TX)
Islamic Circle of North America
Islamic Cultural Workshop
Islamic Society of Arlington (TX)
Islamic Society of North America
Masjid At-Taqwa
Muqtedar Khan
Muslim American Society
Muslim American Society of Dallas (TX)
Muslim Arab Youth Association (Closed)
Muslim Council of Britain
Muslims for Progressive Values
Muslim Public Affairs Council
Muslim Public Affairs Council (UK)
Muslim Students Association
National Association of Muslim Women
Yusuf al Qaradawi
Wikio - Top Blogs