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March 05, 2007

Iraq Oil Law Discussion

Somewhat tardily, but at reader request, a note on the new Iraqi oil law bill in cabinet, as reported in the FT.

My quick reaction: meaningless bollocks. My longer reaction, motherfucking meaningless bollocks just like the fucking schools painted and other such nonsense that only idiotic innocents with no fucking sense of fucking reality will get exceited about.

Reader reactions welcome.

The law means fuck all at this point in time. It is not law that rules in Baghdad, it is men.

Pure relationships, and whose miltias may protect your assets.

Whle readers have noted - I have not bothered wasting my time with this - that the usual Left suspects have gotten their lovely Left Conspiracy oreinted panties into a twist - and I am sure the usual Right Bolshevik drooling ideologue lapdogs (as any normal head-screwed on right person of the proper Right nows better) are shouting to the rooftops as to how this is a great sign of progress.... it means fuck all.

Fuck all.

Fuck all.

The only people who can use this law - once it passes - in the foreseaable future are investors who can operate outside the frameworks of Western governance. No OECD bribery acts or other namby pamby niceness.

In short, China, Iran, and others unconstrained by scruples or the like, and without the risk profile of a Western investor.

Let me bold, No Western Investor in his right motherfucking mind is going to put equity up for anything in Iraq in the next FIVE years. At best. The risk is way outside even the most aggressive zone. And anyone who does, that is Westerner, is going to lose their fucking shirt.

The whankery from the Left morons and the Right dupes is nothing but pure, illiterate idiocy.

Posted by The Lounsbury at March 5, 2007 09:41 PM
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Comments

Well, thank you and I agree, but that part of the analysis even I could've done. I was thinking more about the economics, and of course a review of related political left/right whankery.

More specifically I was thinking about what US gov/US firms can now/can not do with, say, Kurdish oil, assuming Kurdistan stays stable. Sooner or later, they'll swipe Kirkuk: the only question is who will be buying from it. And that in turn depends, to some rather large extent I guess, on ownership and other legalisms. Could this law have an impact on that? Anyone have a clue? I sure don't.

Posted by: alle at March 6, 2007 01:01 AM

ah rot, I thought this went to Aqoul.

Economics?

There aren't any. How would an American firm propose getting its oil out of the Kurdish area?

via Turkey by truck?

Down through the war zone via pipelines that get bombed?

There are your economics.

Posted by: The Lounsbury at March 6, 2007 08:19 AM

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