Oil Entitlements & Oily Jibber Jabber

Stacy Summary:  Thoughts on T. Boone’s statements?  By the way, you can now grab the comments rss feed at the bottom of the sidebar if you would like.

Boone, speaking to the newly formed Congressional Natural Gas Caucus, complained that the Iraqi government has awarded contracts to foreign companies, particularly Chinese firms, to develop Iraq’s vast reserves while American companies have mostly been shut out.

“They’re opening them (oil fields) up to other companies all over the world … We’re entitled to it,” Pickens said of Iraq’s oil. “Heck, we even lost 5,000 of our people, 65,000 injured and a trillion, five hundred billion dollars.”

80 comments on “Oil Entitlements & Oily Jibber Jabber
  1. bink says:

    Um, didn’t we just “free” the Iraqi people to make their own decisions?

  2. marietta says:

    I thought it wasn’t about oil. Did he not get the memo? Or is it safe to change the story now and say it was about oil?

  3. sklein says:

    Poor T. Boone. He still thinks the US military only works for US corporations. Hey, T. B. it’s a global economy!

  4. dan valley says:

    I posted that around 2 months ago….t boone was on cnbc almost teary-eyed about 911 and that that is what gave us the right to iraq oil….he also owns most of the worlds water rites….hes a douchbag.

  5. bink says:

    .
    Will the American people ever realize that we are fund and support a Department of Offense that serves corporations? When they start to, will they be okay with it because they’re “our” corporations?

  6. marietta says:

    How about this solution? THe Iraqi government pays the families of each soldier that lost their life a reasonable sum of money and we call it even? How does it compute that because the soldiers loose their lives, the US oil companies are entitled to making money?

  7. frances snoot says:

    @skein:
    EXACTLY!

  8. Fibon11235 says:

    @ STACY
    Thoughts on T-Bone well lol———-
    Quote
    Pickens never served in the military[3] but instead attended Texas A&M on a basketball scholarship but lost the scholarship

    Found at, do it must be true.
    http://en.wikipedia.org/wiki/T._Boone_Pickens

    No wonder they hate the internet… A soldier should not be used to line the pockets of the rich even though he has a job he would not have had otherwise.. the word exploitation, comes to mind and some others not to repeat here.

  9. frances snoot says:

    THE IRAQIS SHOULD HAVE THE RIGHTS TO THEIR OWN OIL. THE FOREIGN CORPS. SHOULD LEAVE THE COUNTRY.

    It is a travesty!

  10. cgpman says:

    Stacy, thanks for the summaries of the articles. It gets depressing reading the full articles because they mostly repeat the sad facts over and over. The summaries allow us to learn the new facts from the articles without getting more depressed than necessary.

  11. frances snoot says:

    @Fibion11235:
    Soldiers should just be called mercenary agents.

    http://en.wikipedia.org/wiki/Mercenary

    Wikipedia tries to make a difference between soldiers and mercenaries: but there isn’t one.

  12. stacyherbert says:

    Some estimates put it that Iraq has the largest oil reserves in the world at 350 billion barrels:

    http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3964957.ece

    If the US had paid $5 / barrel for those rights, it would have cost $1.75 trillion, which is about the cost of the war so far. At a population of 25 million at the time, this could have translated to $70,000 for each Iraqi man, woman & child.

    Could have been a more honest business transaction than the whole bloody fake war we have had to endure. It would have saved a million lives, tens of thousands of maimed; prevented four and five tours of duty; etc.

    The problem is that were it open like that, I’m sure China would have raised the offer to say $6 / barrel, then Japan would have offered $7 and US would have lost out anyway . . . oh well, I guess I see why they started that fake war

  13. Supergeek says:

    @dan valley
    hey dan!!!

  14. Phil says:

    @marietta … Or is it safe to change the story now and say it was about oil?

    The Elections are over … “Change” has the usual meaning … “Story Change” !
    ;-)

  15. frances snoot says:

    @Stacey:
    they started that fake war

    Who is they?

  16. dan valley says:

    Goldman Sachs has been bullish about all things BRIC for years now. In a recent trip to China a number of Goldman analysts visited local and foreign oil and gas related companies as well as various equity investors in major Chinese cities. Their main takeaway from the trip was that their bullish thesis on the country was justified, China commodity demand would drive prices higher and they feel increasingly confident about their current $94 crude oil price target

  17. Dedo says:

    mercenary=illegal
    soldier =legal
    Criminal =illegal
    Government=legal
    As jim stated not so long ago, it’s the law stupid!
    I do love monopolies.
    Talking of games, anyone know how to play life?

  18. Phil says:

    @Stacy .. 350 Bio. Barrels in Iraq

    Seems they’ve deleted their report from 2001/2002 at the University of Salzburg … which stated this effectively !

    Folgende Seite wurde leider nicht gefunden: http://www.sbg.ac.at/pol/ress

    The meeting was IIRC in July 2002 , where all the big Oil names met on the UNi. Salzburg Campus for discussions .

    Good that I save all these links from 10 years ago !!


    Future World Oil Supply Seite 30

    9 Summary

    The main facts, theses and conclusions are:
    • The peak of oil discoveries was reached in the 1960s. This is a historical fact.
    • This peak in discoveries has to be followed by a peak in production, since we can only produce what has been found before.
    • The production peak of individual fields is a historical fact, almost all large oil fields have already passed their production maximum and are in decline.
    • The aggregation of the production profiles of individual fields (with their individual peaks) sums up to a production peak of individual oil regions. Historically peak production was reached e.g. in Austria in 1955, in Germany in 1968, in the USA in 1971, in Indonesia in 1977. Recent regions joining the club of countries with declining production rates are Gabon (1997), UK (1999), Australia (2000), Oman (2000) and Norway (2001).

    • The aggregate decline of mature regions is getting steeper with every new “member of the club“ . In order just to keep overall production flat ever fewer regions have to increase their production.
    • This pattern can already be observed over more than thirty years. Even the quantitative estimates of peak oil production have been sufficiently accurate for more than 20 years. It is very likely that the peak of world oil production will be reached by 2010 at the latest.
    Due to diminishing exploration successes, the financial situation of oil companies is deteriorating.
    An escape out of this dilemma is only possible for a limited time. These are the main options:
    • Companies merge to increase their individual production and reserve situation by simultaneously downsizing their staff.
    Discovery and or development of new large fields with a favourable return on investment. These fields are increasingly scarce and only available in regions which have already been known for decades, mainly in Iraq. The frontier areas (Caspian and deep sea drilling) do not belong to this category.
    • Dramatic price increases to compensate for higher production costs. That might be a reason why Exxon has started to point out the fact of oil depletion: perhaps they want to prepare the public for higher prices in future.

  19. Pez in Uppah US says:

    This proves the world is run by the Kleptarchy. Where are the War Crimes Tribunals for Bush, Cheney, Rumsfeld, Rice, Bremer, Wolfowitz, Feith, Perle, et al. ?

    Peace prize to Obama? He was only in office less than 3 weeks when the nomination deadline occurred.
    Yet, he accepted the prize and the money. Now, he said he was going to donate the money to charity. However, we forget how bad a constitutional law professor he is. All monies accepted by a President become property of the US government.

  20. frances snoot says:

    Dedo:
    mercenary=body paid to kill other bodies
    drone=machine paid to kill bodies

    mercenary=drone

    Just a process of mating with the queen Bee really. Once the agents are finished mating the usefullness expires. If they live.

  21. T says:

    He’s rich.
    He’s a jerk.
    He’s a a moron.
    He’s a really rich idiotic jerk……

  22. frances snoot says:

    ok usefulness
    bother spelling

  23. M says:

    Since when is Bloomberg capable of satire?
    http://www.bloomberg.com/apps/news?pid=20601039&sid=aY6fyCTnmgh0

    *applause gives*

  24. Bonn says:

    ROFL at stacyherbert calculation too and for the article for the first time a billionare got burned by this Global Government LMAO , i cant wait for the Taxes for opening your eyes / hearing, felling cold or warm whats next Love Tax

  25. frances snoot says:

    @Pez:
    However, we forget how bad a constitutional law professor he is. All monies accepted by a President become property of the US government.

    Where did you read this?

  26. “oh well, I guess I see why they started that fake war…”

    http://worldnews.about.com/od/iraq/qt/massgraves.htm

    Ummm… Methinks those family members who have victims in these graves might argue a bit about the “fake” part…

    The contempt felt for Bush and Blair about the Iraq war is so great, it makes people forget that the equation was much more complicated than “they lied, peopled died”. Removing the war from history does nothing to remove the constant seige the Kurds were under, the “bloody dictator” political system Iraq was under, etc… etc…

    Folks spend hours and days complaining about the “powers that be” that manipulate money and enterprise to their favor, but fail to even recognize the abject terror rained down on the Iraqi people by their own government.

    I really can’t understand the rationale in that way of thinking. Is it a form of bigotry that enables some to proclaim Iraqis “suitable” for despotic and tyrannical rule while we of the MTV West have a right to protest bank shenanigans and bad TV?

    When all the tea kettles stop boiling, the question still remains– What do you DO about a country run by thugs who kill people for political and social control, use rape as a “social structuring device”, and its military internally to quell the uprisings of those who would try and change things?

    Start a fake war?

  27. Marc Authier says:

    A litte bit simplistic this Mr. Pickens. Who financed your war ? China, Russia, Europe and all the rest of the world. Mr. Pickens should shut his mouth and think before speaking.

  28. frances snoot says:

    I really can’t understand the rationale in that way of thinking. Is it a form of bigotry that enables some to proclaim Iraqis “suitable” for despotic and tyrannical rule while we of the MTV West have a right to protest bank shenanigans and bad TV?

    @ScottfromOregon:
    Are you so naive as to assume that our system is less corrupt than the one under which the Iraqis “suffered”? Did you know that the coalition killed almost all of the college professors in Iraq? The idea was to destroy the culture.

    Bush is a war criminal. Cheney is a war criminal. Americans have been so deceived by corporate interest that war is now a legitimate American cultural icon.

    The height of ethnocentric thought is the assumption that one culture is capable of judging another culture by standards applicable to both.

  29. Pez in Uppah US says:

    My favorite song last year was “Fake Empire” by “The National” from “The Boxer” cd. Give it a listen if you haven’t heard it yet.

  30. Phil says:

    @Scott

    You realize – of course – that Sadam was in bed with the CIA for a very long time .. and they turned a blind eye to the madman because it suited their purposes – at the time.
    9/11 arrived, and was a good excuse to change their game plan and declare “war for freedom” !
    Where were they all those years before ? .. they could have intervened and at least kept the madman on a short string.

  31. Bonn says:

    How do u like em apples T Boone Pickens your NWO BURN PMSL

  32. frances snoot says:

    The war was not a war. It was a rape. To the victors the spoils:
    http://www.msnbc.msn.com/id/12319798/

  33. stacyherbert says:

    @Marc Authier – excellent point; indeed, China, after all, did finance the war for the Americans . . .

  34. Supergeek says:

    @d3do
    games can be fun, but…. life is for living!!!
    jeru – playing ya playin’ yaself
    http://www.youtube.com/watch?v=XjWE-UNaJEs

  35. Pez in Uppah US says:

    @ Snoot

    Foreign Official Gifts

    Even though heads of state have traditionally exchanged gifts as expressions of goodwill, the Constitution (Article I, Section 9) prohibits anyone in the US Government from receiving a personal gift from a foreign head of state without the consent of Congress. Today, the handling of gifts from a foreign official to any Federal Government employee, including the President, is largely governed by the Foreign Gifts and Decorations Act of 1966 and further legislation passed in 1977. Congress has allowed Federal employees to retain any gift from a foreign government, as long as the total US retail value of the gifts presented at one occasion does not exceed an amount established by the General Services Administration (GSA).

    I believe gift can be worth in the couple 100 dollar range.

  36. Bonn says:

    AND second of ALL this NWO non sence wont work at least with India there are people here worth trillions of dollars all black monies the only difference here is know one knows who they are largely because they too are criminals but they just dont go BLING BLING like are Rothchilds JP Morgan n i cant belive trading of these Carbon Credits You are TRADING NOTHING PMSL

  37. frances snoot says:

    I really can’t understand the rationale in that way of thinking. Is it a form of bigotry that enables some to proclaim Iraqis “suitable” for despotic and tyrannical rule while we of the MTV West have a right to protest bank shenanigans and bad TV?

    @Scott:
    The Queen Bee has been comfy living in America. The drones mated nicely. The workers provided for her hive. It was a cozy system. American Queen Bee died. And now it’s time for the beekeeper to collect the honey.

    America has outlived its usefulness to the elite. The beekeeper can set up hives anywhere. The only job now for Americans is drone for some other hive. And the honey pot is gone.

  38. Patrick-EA says:

    no one told them to invade iraq. cry me a f-ing river.

  39. Gordo says:

    Yes there we have it.

    As long as Iraq was taking it to Iran all was fine and dandy.
    Rumseld and his merry band of criminals could sell Iraq WMD
    (the chemical weapons) and not worry about the collateral damage.

    But the second Iraq goes against US “interests” we get a just war somehow??????????????????????????????????????????????????????????

  40. frances snoot says:

    the US Government from receiving a personal gift from a foreign head of state without the consent of Congress.

    Thanks, Pez!

    But he gifted it. Here’s Condoleeza Rice’s dilemma:
    http://www.huffingtonpost.com/2008/12/22/condoleeza-rice-gifted-31_n_152941.html

  41. Warren says:

    It’s sort of like turning over the gold fillings of the dead Iraqi civilians to the Chinese after Blackwater killed them fair and square.

  42. frances snoot says:

    @Stacy:
    China also made away with a good deal of the oil.

    http://www.cnn.com/2009/BUSINESS/07/01/iraq.oil.contracts/index.html

  43. “Are you so naive as to assume that our system is less corrupt than the one under which the Iraqis “suffered”? Did you know that the coalition killed almost all of the college professors in Iraq? The idea was to destroy the culture.”

    Ummm… sure. And I knew about the UFO’s too. And that Jesus rose from the dead. And that sneaky fat man Santa Clause…

    Good Lord!!

  44. Phil says:

    @Supergeek … Great Avatar .. Wow , I’m envious !
    ;-)

  45. frances snoot says:

    Well, Scott! If you KNOW our system is more corrupt how do you expect our system to ‘help’ anybody: especially when the help is in the form of Monsanto seeds, Napalm, and uranium-tipped bullets.

    When the system turns on us, we should be as grateful as the Iraqis are meant to be.

  46. “You realize – of course – that Sadam was in bed with the CIA for a very long time .. and they turned a blind eye to the madman because it suited their purposes – at the time.”

    That “realization” doesn’t change the equation at all.

    It still leaves Iraqis suffering under the boot of a dictator and leaves all of y’all unable to solve the problem while you wax on about the criminality of Bush Cheney and Donald…

    Again, your contempt for the “powers that be” leave you unable to resolve a very dire moral dilemma– What do you DO when tyranny takes over a populace in the modern age?

    Ignore it?

    Or do what snoopy dog insists– label it as “cultural differences” and ignore the suffering and pleas of the populace because they are “those people” and not “one of our people”?

    And no, the US is not as corrupt as Iraq, to say so is to be ignorant beyond recognition.

  47. frances snoot says:

    sneaky fat man Santa Clause…
    Now you won’t get any presents, Scott. tsk tsk

  48. frances snoot says:

    What do you DO when tyranny takes over a populace in the modern age?

    And no, the US is not as corrupt as Iraq, to say so is to be ignorant beyond recognition.

    What lovely juxtaposition, Scott. You should write a novel. You could title it:

    “American Girl Scout”

    Both sentences could figure in the first page. After that you could outsource the material to the usual market participants. Win/Win!

  49. Richard@lattitude30N says:

    @Marc Authier and @ Stacy: both correct…the “right people” are reaping the rewards…T. Boone just isn’t a total globalist so far…he didn’t see that one coming( remember the Marshall Plan?>>>didn’t get repaid for decades)…today the financier just got paid: China…America has been used as a pawn…and all because they wanted the Iraqi oil to be traded in USD…so now it becomes a trade in yuan or remimbi…and as the Hunt Bros. did with the Kurds…a separate deal for them( and who says they will trade in USDs???)…oh the spoils of war…and still an alternative energy source is within our grasp: algae!!!!!!!!!!!!!and it consumes CO2 at the same time…BTW on that subject: I find that since we ( the industrial world ) has crossed the rubicon and the atmosphere/oceans are loaded with CO2 and methane..it isn’t that we can adjust that amount from now on out: the tundra when exposed to sunlight will emit 10X the amount of those heinous gases to the atmosphere as man has expelled in it’s entire history….that’s he untold story of losing the Arctic Ice cover…

  50. buddhabob says:

    Sick,impotent old imperialist bastard. The consciousness of someone like that is so polluted by generations of greed and entitlement that there remains nothing but blood and darkness between the ears.

    At least he admitted what the fake Iraqi War was all about. OIL. duh….

  51. advocate001 says:

    Blow up the country then take the assets? Hmmm reminds me of FDR, Morganthau, and Stalin during WW2. After all, it is the american way.

  52. naomi says:

    Notice how T Boone hasn’t a clue about the suffering and deaths of the Iraqi people.

    Cancer rates in Iraq have ballooned. Depleted Uranium it’s called. Depleted Uranium that is in bombs and other ordinance.

    ARROGANCE.

  53. Mep says:

    T. Boone said that the oil should be ours because our soldiers died over there. Carrying out his logic, the oil should be the property of the families of the people who died there.

  54. Coby says:

    Couple of book reviews/interviews for the book section suggestion I saw in the comments:
    Machetera: Jefferson Morley’s struggle to find the truth about George Joannides and the CIA’s fight to hide it
    http://tinyurl.com/yl8ryyt

    Charlie Rose: Andrew Ross Sorkin Discusses His Book ‘Too Big to Fail
    http://tinyurl.com/yh659e4

  55. jj says:

    Maybe… It’s a payoff to China????

  56. jj says:

    Maybe… The Iraqis should mix in the “Depleted Uranium” in the oil, and export it to the United States!

  57. joe shmoe says:

    Who gets to decide to make it a gift to china?
    Who signs off on that?
    Doesn’t Boone P. get a memo, or is it just grumbling dissent

  58. Well, Snoopy…

    Since you admit to be unable to resolve some of the larger and more life-or-death issues of the planet, perhaps we should let you try tackling some of the smaller issues?

    Like– How to revive Madonna’s career?

    –How to tell Phil Lesh he can’t sing without hurting his feelings?

    –What to do about Elliot Spitzer’s hair?

    –How do you stop that one second of cold water from “bracing you” before the hot water comes out of the shower when you pull that thingy on the edge of the tub?

    –How do you better ventilate elevators in buildings with good Mexican restaurants nearby?

    And other such conundrums…

  59. buddhabob says:

    I got an idea. Let T.Boone man-up and set him down by Apache helicopter overnight armed to the teeth and with orders to guard a gusher in the desert somewhere East of Baghdad. In fact if he wants it, he’s gotta guard it and protect it from the heathens. Better yet, just strap him onto the frame of a drilling dock, tie him in way high up there so he can get a complete feel for the lay of the land and know how Ahab felt when he was riding the Great White. Let him sizzle and shrink in the sun and quench his thirst and his cries with Iraqi crude fed straight from a straw.

  60. frances snoot says:

    @Scott:
    Snoopy accepts challenges.
    Like– How to revive Madonna’s career?

    But miracles, not so much.

  61. frances snoot says:

    Cool new avantar, SG! You look like a coin.

  62. Pez says:

    @ Snoot

    Even if you “gift” it. Can you not still take a (as Trump would say, (h)uuuuuuge) tax deduction?

    Pinch me I think I’m dreaming but Pez and his kind still get screwed..

  63. frances snoot says:

    Pez:
    Dreaming or awake, one can always count on getting ‘screwed’ by the government.

  64. LA says:

    little late to the party, perhaps – caught shedlock on techticker – good stuff

    http://www.youtube.com/watch?v=mq4hbfxvl4c

  65. Phil says:

    @Jibber Jabber

    (1/2) Travis Walton Rare Interview On His ET Encounter, 1975
    http://www.youtube.com/watch?v=Jy33gpSgwko

    (2/2) Travis Walton Rare Interview On His ET Encounter, 1975
    http://www.youtube.com/watch?v=xdvNak27uQw

  66. Mike says:

    After destroying THEIR country, killing a million plus of THEIR people, they can do whatever they want with THEIR natural resources.

  67. Dedo says:

    @Phil,…..hmm,.”Snowflake” Arizona,..I’m a bit concerned Phil,. you bin takin’ your special medicine,.: )

  68. Is this the same T. Boone Pickens asshole who claimed the US could be energy “self-sufficient”?

    Filthy old bastard needs to be pumped full of lead, imo.

  69. Philippe says:

    @Mep. Are you craisy when you do a war and kill severan hundred thousand people, it’s not to let them benefit from their resource.
    Or maybe i misunderstand the concept of war.
    If you thing that population should benefit from oil you beter join the axe of evil and relocate in venezuela.
    DX

    Mep said
    T. Boone said that the oil should be ours because our soldiers died over there. Carrying out his logic, the oil should be the property of the families of the people who died there.

  70. frances snoot says:

    Is this the same T. Boone Pickens asshole who claimed the US could be energy “self-sufficient”?

    Illya:
    I’m sure we will be “energy self-sufficient” when we no longer have viable industry or infrastructure.

  71. Richard@lattitude30N says:

    frankly….it’s the chinese who require a manufacturing base and land transportation into the 21st century…that will imitate the western expansion through the use of fossil fuel…sad as it is…I personally would rather see them develop all those hidden alternative fuel sources of energy and fuel ( I rather like algae oil ) that the west and it’s corporations have shelved for far too long…but that’s not my decision…

  72. Merci says:

    scott said
    “Or do what snoopy dog insists– label it as “cultural differences” and ignore the suffering and pleas of the populace because they are “those people” and not “one of our people”?”

    You have bought the propaganda hook, line and sinker. This was and never will be about humanitarian concerns. Whether Bush or any other President. IMO, it is neither this concern nor a tolerance of other cultures that was at issue at all!

    Look beyond both of these points and beyond the partisan divide for the real answer.

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