Quote Originally Posted by Psycho4Bud
First off PharmaCan you won't find that in here.......the days of the flame wars are done. Attack a party, political leader, etc... but attacks on members don't fly. We can have intelligent debate without that.

I'd like to see ya elaborate on this theory though.........I know that out of the 80 rigs there that 65 had to be capped after the invasion due to being in such poor shape. Likewise, there are contracts with firms from Canada and Norway doiing exploration not to mention the ones in negotiation with China, the U.S. and if I recall correctly Japan. In fact, the largest natural gas reserve was recently discovered there. If I recall it stretches from Kirkuk all the way down to the Saudi Border.

During the Saddam years you'll find that the two countries more/less in charge of exploration and active rigs were France and Russia.

Have a good one!:s4:
I didn't consider my comments a flame on any one member but rather a flame on a way of thinking - perhaps the difference is too subtle so I'll refrain from same. Or, now that I re-read this, maybe U R saying people won't flame me??? LOL Either way, I'll remain polite.

This is not theory, it's historical fact. Bottom line is, Iraq, with the second largest proven oil reserves in the world, is producing virtually no oil right now. As far as the wells that were capped, it only goes to prove my point. The wells were capped because of US led embargo on Iraq, not because Sadaam wanted them capped.

Google "royal dutch shell mr. 5%" and follow the trail.