Just an amplification of the link Casey supplied us a moment ago talking about the ramp up in Iraqi oil production. Business Insider caught I saw: only one American multi-national, Exxon, is represented in all the oil companies pumping Iraqi oil:http://www.businessinsider.com/american-firms-shut-out-iraq-...In 2009, Time's Vivienne Walt wrote about the beginnings of the lockout. She talked to one anonymous Iraqi official who explained what had happened:The bidding was extremely tough. My guess is that [the U.S. companies] could not match the offers from others." In Iraq, at least, the victor has no special claim on the spoils of war.For what it's worth, ExxonMobil scored the second-largest field in the country.And American companies are doing much of the actual drilling.But that pales in comparison to royalty amounts development companies will get. Read more: http://www.businessinsider.com/american-firms-shut-out-iraq-...
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra