Jack Miles speculates on the oil endgame in Iraq. In a fight to turn back the clock on National Oil Companies (NOCs), the US is fighting a battle that can't be won (as evidenced by the popularity/dominance of NOCs across the globe). In fact, if the central government is blocked by the US from creating a strong national oil company, the result will likely be regional oil companies that contract with Iran/China/Russia...
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October 25, 2007
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re: National Oil Companies, the radio program Fresh Air had a :30 minute interview (25 October 2007) of journalist Steve LeVine about how this is becoming the established business model in the Caspian area. He states that the big oil companies are now in decline as they become employees of the national governments and their oil companies. He has solid credentials, and is on book tour for a new book about the subject.
http://www.npr.org/templates/story/story.php?storyId=15625253
Posted by: dano | October 26, 2007 at 12:30 PM