~~By InsightAnalytical-GRL
Filed under: Current Politics, Life | Tagged: "The Past Week", InsightAnalytical, Open Range Ramblings | 14 Comments »
Filed under: Current Politics, Life | Tagged: "The Past Week", InsightAnalytical, Open Range Ramblings | 14 Comments »
Here’s a little nugget for you regarding the bidding on Iraqi oil fields…the ones that the U.S. was supposed to clean up on after the “liberation” of Iraq.
It’s also a tale of the miserable news reporting we have here, including the “superior” NPR Radio.
I woke up and listened to the BBC World Service yesterday as usual and heard a brief report about bidding for Iraqi oil contracts. The report included the facts that bidders weren’t exactly running to invest in Iraq.
From the BBC:
Oil companies reject Iraq’s terms
Only one of the bidders for the eight contracts to run oil and gas fields in Iraq has accepted oil ministry terms.
Six oil fields and two gas fields were available in a televised auction that was the first big oil tender in Iraq since the invasion of 2003.
BP and China’s CNPC agreed to run the 17 billion barrel Rumaila field after Exxon Mobil turned it down.
Iraq has asked the rest of the companies to consider resubmitting bids for the other seven contracts.
The oil ministry is offering 20-year service contracts.
Other fields have failed to find buyers, either because there were no bidders or because terms were declined.
Thirty-two oil companies had been approved as potential bidders.
MORE
The terms, of course, are detailed in the story, but suffice to say that the amount of payment is one of the key issues. Another twist is that these are not “production-sharing” deals, but “service contracts” being offered because the Iraqi parliament hasn’t passed an oil bill yet and this sort of contract makes it easier to start the process at this point. Under service contracts, a fixed fee will be paid for oil produced instead of having a proportion of the oil awarded to a company under a production-sharing contract.
So, things aren’t proceeding that quickly on the oil production front.
However, I caught a report on NPR which didn’t provide that information. Instead, the report simply mentioned that Iraqi oil bidding had started.
If you look at the story on the NPR site, you’ll see a fuller report, with the emphasis on being a lot more “touchy-feely.”
Foreign Companies Bid On Iraqi Oil Licenses
Morning Edition, June 30, 2009 · Foreign companies could soon be pumping Iraqi oil for the first time in nearly 40 years.
On Tuesday, the government of Iraq opened bids from oil companies interested in helping the country realize its oil production potential.
The oil companies are so eager for a crack at Iraq’s vast oil wealth that they are willing to overlook some big negatives: It’s a country still at war. There’s a lot of political opposition to foreign oil companies. There’s no guarantee the contracts awarded at this auction will even be honored. And yet, more than 30 companies submitted bids.
Big Oil has not had an opportunity like this for decades.
A bit later in the story, we do get some reality:
When Saddam Hussein kicked the foreign oil companies out of Iraq in 1972, many Iraqis supported the move, and there is still strong opposition to any sharing of the country’s oil wealth with foreign companies. The withdrawal of U.S. combat troops from Iraqi cities and towns this week has only reinforced Iraqi nationalism. In the coming weeks or months, Iraqi parliamentarians may even move to overturn oil contracts awarded through Tuesday’s auction.
But there’s hope:
The opening round produced only one deal. The Iraqi offers generally fell short of the oil company bids, and additional bargaining seemed likely.
Such deals won’t necessarily be highly profitable for the oil companies. In the next phase of the competition, however, the Iraqi government is expected to open fields that have not yet been explored or developed. The companies that win the right to search for oil might then be able to take a share of what they find. It’s that competition — not this one — that would mean big money for the companies.
“This is just everybody kind of wanting to get their foot in the door for the bigger prizes that will be here in a year or two,” says Stratfor’s Zeihan. No one wants to be left out.
“What makes Iraq special,” says Diwan, “is [that] there is room for all the big oil companies at the same time, and for all them to have sizable projects. Everybody will get something fairly large.”
All this may be very true, but if you only caught the brief headline story that I heard on the radio later in the day, you wouldn’t have a clue about the first day of bidding.
The question is, of course, why a news brief on the BBC can include fact that there was a difficult first day of bidding, while the NPR brief omits this information.
That’s a silly question, of course, because we all know that Americans are not allowed to get news, just spin and and obsfucation.
Filed under: Current Politics, World News | Tagged: BBC, BBC World Service, Big Oil, BP, China's CNPC, Exxon Mobil, Iraq, Iraqi Oil contracts, Iraqi oil fields, mainstream media, National Public Radio, NPR, Saddam Hussein, Stratfor | 9 Comments »
I follow an “interesting” diet and was looking for some way to avoid “light mayo” and all the junk that it contains. (I don’t eat eggs, so I don’t eat “real” mayo, even organic, and I avoid soy products as well.
I did some hunting and found a great blog called “One Frugal Foodie” which is full of non-dairy recipes as well as recipes that are vegan, gluten-free and food allergy-friendly and which also focuses on VALUE, which we are all looking for today as the economy struggles. (Blog has a subtitle: Eating Well Should Not Be Expensive.)
The site also has a great blogroll.
So, if you want to eat well and not break the bank, check out:
Filed under: Life | Tagged: budgeting, cookery, cooking, food allergy-friendly recipes, gluten-free recipes, mayo, mayo substitutes, non-dairy recipes, One Frugal Foodie, recipes, vegan recipes | 1 Comment »
This story caught my eye today–the effects of the economic mess we’re in on police departments across the nation.
What kicked in was the thought about the warnings of unrest that we’ve read about, as things get worse. Well, it seems that the seeds of this are beginning to awaken. From the AP:
Even cops losing their jobs in recession
CHICAGO (AP) — As hundreds of jobs in Chicago’s police department go unfilled, officers who once patrolled the streets with partners are riding alone in what some cops bitterly call “rolling coffins.”
Chicago? Obamaland? Well, why be surprised, I guess. Chicago isn’t going to get any special attention with regard to the safety of its citizens–it’s probably entirely appropriate that one of the enabling factors that could result in widespread unrest and offer the opportunity for a complete clampdown by the power-hungry Obots would be rising in Chicago. Obama et al apparently don’t give a crap about Chicago now even though it’s “their town,” just as they don’t give a crap about most things people really need these days.
Oh, there’s some money in the stimulus package but it’s not enough:
Exactly how many officers are losing their jobs and how many positions are going unfilled are unclear. But one after another, departments are telling the International Association of Chiefs of Police that officers are being laid off or taking furloughs, positions are being left vacant, and police forces are closing or consolidating.
“I’ve been in law enforcement for 25 years and if you would have talked about laying off policemen, people would not have believed you,” Dye said.
The cuts come as police departments are being asked to take on more responsibilities, such as investigating domestic terrorism, said John Firman, director of research for the police chiefs association.
There is some help on the way, in the form of federal stimulus money, but the need may far outstrip the aid. For example, the $1 billion that the Justice Department’s Community Oriented Policing Services received to hire officers nationwide is less than one-eighth of the money agencies requested, said Fred Wilson, director of operations at the National Sheriffs’ Association.
This is another one of those initiatives that are so typical of this Administration and Congress lately: lots of talk, then the back-off in terms of money and commitment.
I remember when Bill Clinton got the 100,000 officers on the street and the positive results in terms of a decline in crime.
But, it’s different now. Chaos and unrest will be just fine with Obama as he pulls those militarized units out to quell “unrest.” This is where the intimidating words and threats to politicians behind the scenes will turn into the kind of thing people will actually be able to see. Well, maybe…the mainstream media probably will not show domestic unrest, will it?
More from Chicago:
Also, more cops are being attacked on the streets, and police say that is because they can no longer flood the scene with officers when they respond to a call. The number of incidents of battery against a police officer in Chicago rose from 2,677 to 3,158 between 2007 and 2008, according to department statistics.
Meanwhile, in Broward County, Florida, the cut in jail officers is affecting key programs that are aimed at keeping future crime at protecting children from addicted inmates:
…”jail programs that, among other things, help inmates overcome addiction and stop beating their kids.
“We are at the point where we are literally out of options,” [Sheriff Al] amberti said. “I never thought in a million years this would happen.”
And in other places, programs that are in place to mentor youths are also being eliminated:
“Now we’re going to be responding when a kid slaps his mom instead of having him in a program where they can teach him to respect his parents,” said Lt. Charles Carlson.
All this “hope and change” doesn’t sound too pleasant, does it? Even though cops can be a pain sometimes, what happens when all law and order breaks down at the local level?
Well, then somebody else will have to step in and they will be under the direction of the Obots. Doesn’t that make you feel better?
And I’m not just talking about an increase in criminal activity as an excused to clampdown from on high. There’s the question of law-abiding citizens being “criminalized” if they begin to dissent. Do you think we’ll be looking like Iran or China and many other places around the world when things get a bit “disquieted” ?
Filed under: Current Politics | 7 Comments »