O.K. dumb question of the day....concerns Iraqi oil....

[Sperk]

If Halliburton and others are pumping oil out of Iraq, who are they paying for it, if anyone. And is this not a point of interest with the media? It seems to me that our Army is being used a personal body guards for the oil industries. Am I wrong? :shrug:

[NYC]

1. Yes, our army is fhere to protect the profits of oil companies.

(and reconstruction companies, etc.) Essentially, the private companies profit, and the U.S. taxpayer bears the expense of the U.S. army.

Who is getting the money for oil shipped out? I don't know, but I would imagine it is being paid into a fund/bank account that is in turn used to pay Halliburton, Bechtel, other similar companies to provide services within Iraq.

P.S. The summary of that is: Privatize the profits; socialize the costs.

[enough]

2. I would add another question to this:

ARE we pumping oil now? If so, where is it going and who is getting the money?

Does anyone have any good links for information on this?

[madrchsod]

3. we may be pumping

but there`s few buyers..it`s complicated but simply big oil won`t buy because there is no legal system in iraq,iraq has no government,and has no legal standing in international law . so shell or bp isn`t going to shell out millions to purchase oil without a binding contract. the bbc radio had a half hour program dealing with this topic..they were dicussing that the iraqi`s had to get the legal system up and running before any contracts are legal. the us maybe pumping oil under the un oil for food(?) program that was in place before the war.of course they just might be stealing it....
oh yes there is the problem with the money that saddam owed to the russians and other contracts with china ,france,ect..that`s the main reason bushco doesn`t want the un involved-international law.