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Oil money will continue to flow west as predicted by George W. Bush

George W. Bush indirectly or directly went into Iraq to protect American business interests.  Iraq just opened bidding on oil production  for short term oil production.  Congratulations to the people of Iraq in moving the hard way towards good judgement as a nation. The money from Oil will help the Iraqi people financially.  Helping the people of Iraq do better financially and long term will help America make friends with Iraq in my opinion. The short run bid action is expected to give a major longer term advantage to big Western + European oil.  Iraq is already dealing with major corporations that are based in the United States.  Iraq is expected to double oil production by 2013. With Exxon, BP, and maybe even Haliburten getting a piece of the money along with over 35 others corporations from around the world.

In other news Iraq’i people are suing corporations who paid Iraq kickbacks, pharmaceutical company, and Australian exporter to get damages for millions of dollars paid in kick backs in the oil for food programs.  Violence is down in the middle east, and expected decline further as peaceful Iraqi people take control in a moderate way. 

I compare this to United States politicians being elected or fired by a responsible electoral voting public.   A voting United States public that will full fill it’s responsibility to live in a sustainable world that is responsible, and successful. Blogging on the Internet continues to fill voids where honest information can solve, and prevent real world problems

This could dent oil prices in the short run, and be very volatile over the remainder of the year responding to actual events in real time. This should build confidence in stocks; Iraqi currency, and the United States dollar. Weakness could materialize in all types of commodities as Iraq achieves mile stones in production, and an over supply of Oil could develop.

I do not give blind justice to leaders, and hope lawsuits force corporations to act thoughtfully towards people, and the environment.   Lawsuits are being filed against private contractors who tortured prisoned inmates inside Iraq. I support peace, careful communiction, sustainability, understanding, and the good judgement required to get there.

Entertainment purposes,

June 30, 2008 - Posted by | American Politics and Policy Ideas, Stock investing links, ideas, and opinions. | , , , , , , , , , , ,

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