Quote:
Originally posted by RawAlex@Mar 28 2003, 11:53 AM
Let them auction off the oil rights for a couple of areas. impose a per barrel outgoing oil tax for all exports outside of the country... Iraqi oil, like that in Saudi Arabia, is some of the cheapest in the world to extract - just about "dig a hole and get some buckets".
A one time big payment, followed by continued tax revenue would certainly go a long way to putting this country back on it's feet. More importantly, foreign investment would mean people working, cities growing, new jobs being created, etc. Suddenly you don't have 60% of the nation living on UN handouts anymore.
Iraq owns the oil - and it would be smart for them to commercialize it as quickly as possible.
The Halliburton thing peeves me quite a bit... there are better companies out there for fire fighting oil wells... but the inside edge is the inside edge, no?
Alex
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Why tax something that you no longer own? Sounds like Liberalism at work to me...
As for Halliburton...Sorry, but they ARE the biggest, the best, and probably offered the lowest bid. Remember, Red Adair retired after the Gulf War (He should have. He's older than me, LOL!).