Could you ask Parenti would the situation is like there for the Russian oil majors (I'm thinking LUKoil here)?
--- Doug Henwood <dhenwood at panix.com> wrote:
> [Christian writes...]
>
> Doug,
>
> Tell your list that:
>
> the wise Mage (as usual) is right. I over stated
> that.
> Iraq would need start up $ but would then be self
> financing. I plead guilty to cranking out that piece
> in one sitting.
>
> But as for "production sharing agreements" which is
> the form that "privatization" of oil usually takes
> --
> the real assets below ground are almost never sold
> off
> -- were already in the works under Saddam.
>
> I don't think there is any huge hurdle to
> involvement
> via PSAs by the majors, the independents, the
> chinese,
> et al.
>
> the question is not really privatization vs state
> ownership it is the cut, or split on future PSAs...
> will it be fair or totally unfair?
>
> As it stands now the Iraqi oil industry, which I
> have
> been looking into, is in near collapse and if the
> country goes to hell so goes the industry.
>
> My main point (or attempted) point was this: a
> rational section of the ruling class is now worried
> about something much more than Iraq's oil. It sees
> the
> real possibility of region-wide chaos: social
> breakdown spreading on a previously unseen scale.
> they
> have at the helm a man who seems to work only for
> himself and not for his class.
>
> CP
>
>
> --- Doug Henwood <dhenwood at panix.com> wrote:
>
> > Christian - fyi - Doug
> >
> > Begin forwarded message:
> >
> >> From: John Mage <jmage at panix.com>
> >> Date: December 19, 2006 4:26:37 PM EST
> >> To: lbo-talk at lbo-talk.org
> >> Subject: [lbo-talk] Re: Parenti on ISG: we lost,
> > time to leave
> >> Reply-To: lbo-talk at lbo-talk.org
> >> List-Archive:
> > <http://mailman.lbo-talk.org/pipermail/lbo-talk>
> >>
> >> The excellent Christian Parenti writes:
> >>
> >>> Experts close to the industry say the country
> > needs $20 billion to
> >>> $60 billion in capital investment if it is to
> > recover its former
> >>> glory. That deficit alone practically insures
> > future privatization--
> >>> or at least liberalization of participation by
> > foreign firms and
> >> oil
> >>> majors.
> >>
> >> This is deeply deeply wrong - it is not "the
> > deficit alone" that
> >> "practically insures" anything. With Iraq sitting
> > on top of a lake of
> >> scarce oil, once there is a viable government and
> > peace there will be
> >> many many sources of capital investment on terms
> > not less favorable
> >> than
> >> those given to Iran, Libya, Venezuela, Indonesia
> > or other
> >> ***independent*** countries. China alone would
> > pay the necessary on
> >> terms that do not involve privatization or
> > production sharing
> >> agreements
> >> - a kind of colonial subjugation that does not
> > exist in any other
> >> significant producing nation. Christian has
> > swallowed something
> >> vile at
> >> a gulp.
> >>
> >> john mage
> >>
> >>
> >>
> >> ___________________________________
> >>
> >
>
http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
> >
> >
>
>
> ___________________________________
>
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