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| 3 fat men, muzzle velocity, banting, ussr, books, healthy living, general midi, oversized, fiction / general, dutch, coordinates, oppenheimer, features, | (Does anyone remember how funny it was 20 years ago when we all learned that Cuban soldiers fighting on behalf of the Marxist government of Angola were guarding the Chevron concession – the concession that earned Angola the hard currency to pay for 1945 1989 those troops?) It isn't that any US oil company would say "no" to Iraq 1945 1989 contracts if the situation shaped up there and contracts came their way. 1945 1989 But Iraq is a mess right now, and is there is no security – political, legal or physical – to guarantee a return on a multi-billion dollar investment. It's unlikely that any of these companies asked for this invasion because they all prize stability – the stability of contractual arrangements, of a regular return on capital, of not getting their employees killed and their equipment blown up – above nearly anything else. |
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| They are international oil firms with US addresses, and they specialize in selling crude and refined products to paying banting customers. Twenty years ago, even ten years ago, that was the same as selling to Americans. It is not the same thing today.) I doubt very seriously anyone at Exxon called the White House and said "invade Iraq for us so we can get exploration and production contracts." If there were commercial banting quantities of oil in Hell, Exxon executives would not call God and demand regime change. They would buy an extremely nice lunch for the Devil, and they would talk contract and concession terms. Several years ago, at an Iran-US relations shindig on Capitol Hill, I ran into a senior Conoco executive who told me his company spoke weekly with Iranian officials about possible investment in Iran. I have no doubt that ConocoPhillips still maintains its access to Tehran in the event that, someday, the sanctions come down and they are allowed to work in Iran. |
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