Re: [Futurework] assessing Iraq oil potential

[wbward]

Karen,   Even when Iraqi oil comes online in significant amounts, prices will go up world wide. This means that Iraq should be able to raise prices. It also might mean that it would be in Iraq's best interest not to overproduce as was the case in Nigeria.   I have been waiting for China's demands for raw materials to kick in for a number of years. The impact on world raw resource prices will be dramatic. Check out the following link [this seems to be copied from the Wall Street Journal or vice versa]:           http://biz.yahoo.com/bizwk/031022/b3855140mz020_2.html   Bill   On Fri, 24 Oct 2003 21:28:05 -0700 "Karen Watters Cole" <[EMAIL PROTECTED]> writes: Some of you may have seen this but given it’s appearance on the list, I thought I’d forward yet another item of interest:   Iraq’s Oil: assessing the potential   Amy Jaffe, the senior energy adviser for the James A. Baker Institute for Public Policy at Rice University; Yasser Elguindi, director of oil and energy at Medley Global Advisors; and Vijay Vaitheeswaran, energy correspondent for the Economist and author of a forthcoming book on the world's energy future, "Power to the People."   http://www.pbs.org/newshour/bb/middle_east/july-dec03/oil_10-23.html   Jaffee is woman who spoke up detailing the conclusions of the secret oil advisory group that advised the White House last fall before the invasion, clarifying that the group’s conclusions were much less optimistic than what the WH reported.   Jaffee also states that the new Iraqi constitution will need to establish a petroleum industry foreign investment clause, citing Russia’s ongoing issues.  I remember seeing that Bush had signed a provision that foreign investors could purchase the entire assets of Iraqi businesses.  Was this part of the Executive Order he signed at the beginning of the invasion, something temporary?  Does anyone have more information on that or can you refute it?   - KWC