Tuesday 7th of May 2024

porkie sniffin' .....

porkie sniffin' .....

Iraq oil security in Australia's interest: Nelson

Dr Nelson says energy security is extremely important to all nations.

The Federal Government says oil is a key reason to keep Australian troops in Iraq, but says it was not the reason for the original invasion.

As it released the defence update, the Government said oil security is one of the reasons for staying on in Iraq.

The Defence Minister, Brendan Nelson, says it is in Australia's interests.
http://www.abc.net.au/news/stories/2007/07/05/1970982.htm

"Energy security is extremely important to all nations throughout the world, and of course, in protecting and securing Australia's interests," he said.

"The Middle East itself, not only Iraq, but the entire region is an important supplier of energy oil, in particular, to the rest of the world."

But the Treasurer Peter Costello disagrees.

"We're fighting for something much more important here than oil, this is about democracy," he said.

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Gus: Far too many people have died for "oil security" - nearly 700,000, and a couple of million displaced, ruined, etc... It's amazingly outrageous for Nelson to say what he says... unbelievable... yet too true.

Obviously, Costello has no clue about what he's sprouting about in the context of the make up of Iraq, while our UnAustralian of the decade plays the national interest anthem, "stars N tripes"...

In the dummy corner, Downer is still stuck the 2002 WMDs porkie era... The lot of them have changed the tune of the purpose of the whatever many times to confuse the punter... The sooner we get rid of these tragic clowns, the better. Rudd and his good people can do much better, even if they're not perfect. Australia can and need to do better.

Fighting terrorism efficiently is not the exclusive domain of the present bunch of liars that rule Australia. Actually, I'm sure Rudd and his good people can do a better job at it, more quietly.

Oily cat...

Govt 'caught out' over Iraq reasoning: Labor

The Federal Opposition is continuing to have a field day over the apparent government confusion about its reasons for keeping troops in Iraq.

Yesterday the Defence Minister Brendan Nelson listed oil security as one of the Government's considerations in determining how long it would maintain its troop commitment.

But John Howard tried to hose down the comments immediately, insisting oil supply had nothing to do with Australia's involvement in the Iraq war.

Kevin Rudd has told ABC radio's AM program Mr Nelson has let the cat out of the bag.

"Mr Nelson, when it comes to being the defence minister of Australia, has been left high and dry by Mr Howard," he said.

"I notice Mr Howard's speech on Australia's overall national security policy also speaks of the importance of energy questions when it comes to the Middle East as well.

"Frankly, I think the Government has simply been caught out.

it's the sand stupid .....

‘Iraqi Prime Minister Nouri al-Maliki went before the media on Tuesday to announce that his cabinet had “unanimously” approved US-backed draft legislation covering the future development of Iraq’s vast oil resources. The parliament, he declared, would begin debating the oil law the following day. He trumpeted his achievement as a key step towards finalising the “most important law in Iraq”.

The legislation embodies the criminal aims and objectives of the US invasion of Iraq more than four years ago. Behind the false claims about Iraqi “weapons of mass destruction” and links to terrorism were the ambitions of American energy conglomerates to access the country’s huge reserves—estimated at between 115 and 215 billion barrels of oil.

While the oil law has a number of implications, the most fundamental is that it would end the Iraqi state monopoly in the development of oil fields. While the Iraqi people will still constitutionally “own” the resources, foreign oil companies will gain contracts that give exclusive rights to exploration and production for periods as long as 20 years. The law leaves open the possibility for “production-sharing agreements” (PSAs) which guarantee the investing company against losses and lead to even higher rates of return.

Importantly, as far as Washington is concerned, all contracts entered into by the previous regime of Saddam Hussein—such as agreements with French, Russian and Chinese corporations—will be rendered void. US companies will be able to move in and appropriate development rights over the fields.’

Under Sustained US Pressure, Iraqi Cabinet Sends Oil Law To Parliament

funny that

Cartoon in the Guardian