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The Race For Iraq's Oil...Will America Clean Up?  
User currently offlineOA260 From Ireland, joined Nov 2006, 26855 posts, RR: 58
Posted (5 years 1 month 4 days 19 hours ago) and read 3064 times:

So the contracts are due to be handed out and will run for 20 years. Interesting article and we will see how the Iraqis dish out the portions. They claim it will be fair but I have a suspicion that the USA will 'clean up''. More importantly , should they?

Comments ???

Global oil firms are set to have a run at Iraq's vast oil resources when the contracts for the biggest fields are auctioned off this month.

However the 29 June tender for service contracts in six already producing oilfields and two undeveloped gas fields is fraught with risk following a revolt in the state-run oil industry and continuing violence and political uncertainty.

Despite this, oil companies are attracted by the allure of the world's third largest oil reserves, and of greater riches down the road from Iraq's under-exploited and under-explored oil resources.

When former US President George W Bush invaded Iraq in 2003, critics charged it was because the US wanted to get its hands on Iraq's 115 billion barrels or more of reserves.

Eyebrows may be raised if oil companies from nations that took part in the invasion walk away winners in the auction. But the Iraqi government insists that is calling the shots

http://www.rte.ie/news/2009/0625/iraqoil.html

88 replies: All unread, showing first 25:
 
User currently offlineNational757 From United States of America, joined Jul 2007, 720 posts, RR: 1
Reply 1, posted (5 years 1 month 4 days 19 hours ago) and read 3061 times:

Bet the Chinese make out like bandits. Money talks and right now China has money to burn


Formula 1 Grand Prix Trips: YUL '08, MEL '09, BCN '10, SIN '11, and LGW '12
User currently offlineOkie From United States of America, joined Jul 2003, 2988 posts, RR: 3
Reply 2, posted (5 years 1 month 4 days 18 hours ago) and read 3030 times:



Quoting National757 (Reply 1):
Bet the Chinese make out like bandits. Money talks and right now China has money to burn

China is at least the 2nd largest if not the largest producer of land based oil production equipment.
Drilling rigs, pipe, compressors, pumps, anything to sell on the world market or use to produce for their own consumption.

Quoting OA260 (Thread starter):

When former US President George W Bush invaded Iraq in 2003, critics charged it was because the US wanted to get its hands on Iraq's 115 billion barrels or more of reserves

Such has proven not to be the case. The present administration plans to air up your tyres and empty pocket book.

There just is not too many big players left in the US domestic market. Look for China, Kuwait, British Petro, Royal Dutch, Total to have the money, I do not think Chevron-Texaco or Exxon-Mobil will be direct players.

Okie


User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 3, posted (5 years 1 month 4 days 17 hours ago) and read 3024 times:



Quoting Okie (Reply 2):
Look for China, Kuwait, British Petro, Royal Dutch, Total to have the money,

I would add Statoilhydro and ENI to that list.


User currently offlineDeltaMD90 From United States of America, joined Apr 2008, 7832 posts, RR: 52
Reply 4, posted (5 years 1 month 4 days 15 hours ago) and read 2998 times:



Quoting OA260 (Thread starter):
When former US President George W Bush invaded Iraq in 2003, critics charged it was because the US wanted to get its hands on Iraq's 115 billion barrels or more of reserves.

Oh yeah that's exactly why he did it...  Yeah sure



Ironically I have never flown a Delta MD-90 :)
User currently offlineWindy95 From United States of America, joined Dec 2008, 2713 posts, RR: 8
Reply 5, posted (5 years 1 month 4 days 4 hours ago) and read 2925 times:



Quoting OA260 (Thread starter):
More importantly , should they?

Yes the countries that did the heavy lifting should get the inside advantage on the contracts.

Quoting OA260 (Thread starter):
critics charged it was because the US wanted to get its hands on Iraq's 115 billion barrels or more of reserves.

And that really proved to be true Embarrassment



OMG-Obama Must Go
User currently offlineSTT757 From United States of America, joined Mar 2000, 16825 posts, RR: 51
Reply 6, posted (5 years 1 month 4 days ago) and read 2891 times:



Quoting OA260 (Thread starter):
Eyebrows may be raised if oil companies from nations that took part in the invasion walk away winners in the auction.

The United States sacrifices 4,500 lives, tens of thousands of severely wounded, Hundreds of Billions of dollars of treasure and you think eye brows would be raised if US companies won the rights?...

It's going to be US troops protecting the oil companies who will come in to work on these fields.



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12128 posts, RR: 51
Reply 7, posted (5 years 1 month 3 days 22 hours ago) and read 2866 times:



Quoting OA260 (Thread starter):
Eyebrows may be raised if oil companies from nations that took part in the invasion walk away winners in the auction.

You have got to be kidding...........

Quoting STT757 (Reply 6):
The United States sacrifices 4,500 lives, tens of thousands of severely wounded, Hundreds of Billions of dollars of treasure and you think eye brows would be raised if US companies won the rights?...

It's going to be US troops protecting the oil companies who will come in to work on these fields.

 checkmark   checkmark   checkmark 

US companies should get those contracts. But, I'll bet Fina (France) will yell the loudest if they don't get one, or more contracts.

However, I doubt King Barack I will let any of that oil imported into the US. He really wants that cap and trade crap.


User currently offlineVonRichtofen From Canada, joined Nov 2000, 4627 posts, RR: 36
Reply 8, posted (5 years 1 month 3 days 17 hours ago) and read 2844 times:

Canadian companies are already getting involved in the Kurdish regions of Iraq.


Much like our banks in the US Canadian energy companies are quietly buying up vast energy reserves around the world.



Word
User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 9, posted (5 years 1 month 3 days 16 hours ago) and read 2836 times:

Quoting KC135TopBoom (Reply 7):
US companies should get those contracts. But, I'll bet Fina (France) will yell the loudest if they don't get one, or more contracts.

US companies shouldn't be allowed anywhere near those contracts, I wouldn't be surprised if the Iraqis cut you lot right out, I would if I was making the decision.

Fina no longer exists, it wasn't a French company either, it came from Belgium, merged with Total in 1999 to become TotalFina, the company then merged with Elf in 2000, the company is now called Total.

[Edited 2009-06-28 14:55:16]

User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 10, posted (5 years 1 month 3 days 16 hours ago) and read 2829 times:



Quoting STT757 (Reply 6):
The United States sacrifices 4,500 lives, tens of thousands of severely wounded, Hundreds of Billions of dollars of treasure and you think eye brows would be raised if US companies won the rights?...

That was you own fault, if US companies get the majority of contracts then it just proves what everyone said all along, the US went into Iraq to get their oil.


User currently offlineFlyPNS1 From United States of America, joined Nov 1999, 6586 posts, RR: 24
Reply 11, posted (5 years 1 month 3 days 15 hours ago) and read 2808 times:



Quoting DeltaMD90 (Reply 4):
Oh yeah that's exactly why he did it... Yeah sure

Frankly, oil would have been a better reason than the actual reason we invaded which was sadly so that neocons could try and create a legacy for themselves.


User currently offlineSTT757 From United States of America, joined Mar 2000, 16825 posts, RR: 51
Reply 12, posted (5 years 1 month 3 days 14 hours ago) and read 2790 times:



Quoting FlyPNS1 (Reply 11):
Frankly, oil would have been a better reason than the actual reason we invaded which was sadly so that neocons could try and create a legacy for themselves.

I agree, I wish it were because of the oil. I fear the true reason was some kind of weird Neo Con think tank experiment that went from the academic theoretical to the actual policy of a George W. Bush Administration.

I think George W. Bush and Dick Cheney should be left alone, however Rumsfeld, Doug Fieth, Paul Wolfowitz and Alberto Gonzalez should all be investigated and if it warranted prosecuted.



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineDeltaMD90 From United States of America, joined Apr 2008, 7832 posts, RR: 52
Reply 13, posted (5 years 1 month 3 days 13 hours ago) and read 2778 times:



Quoting FlyPNS1 (Reply 11):
so that neocons could try and create a legacy for themselves.

Oh yeah silly me I remember Bush saying that the reason we're invading was to show how big and bad we are



Ironically I have never flown a Delta MD-90 :)
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 14, posted (5 years 1 month 3 days 12 hours ago) and read 2770 times:



Quoting FlyPNS1 (Reply 11):
Frankly, oil would have been a better reason than the actual reason we invaded which was sadly so that neocons could try and create a legacy for themselves.

And oddly enough, the oil reserves figures they used were yet another fabrication. AAPG published the 2002 reserves at 49 billion barrels, just in time to know that 115 billion was wrong. The AAPG numbers were justified by listing the fields with recoverable reserves and original in place recoverable data. But facts were not going to get in the way of the invasion were they.

Big version: Width: 1756 Height: 936 File size: 147kb


Note that Iraq was essentially a three trick pony. Kirkuk, Majnoon and Rumaila and Kirkuk will soon be on its later if not last legs!!!


User currently offlineDeltaMD90 From United States of America, joined Apr 2008, 7832 posts, RR: 52
Reply 15, posted (5 years 1 month 3 days 10 hours ago) and read 2751 times:

All you guys saying the oil argument... why haven't we gotten the oil then? It makes as much sense as invading China to get their rice, it's too much trouble and doesn't make any sense. Even the people that think President Bush was really really stupid, come on, give the man a break, he wasn't that dumb! (I'm not even calling him dumb, I think he's a smart man that made some poor choices).


Ironically I have never flown a Delta MD-90 :)
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12128 posts, RR: 51
Reply 16, posted (5 years 1 month 3 days 2 hours ago) and read 2716 times:



Quoting KiwiRob (Reply 9):
US companies shouldn't be allowed anywhere near those contracts, I wouldn't be surprised if the Iraqis cut you lot right out, I would if I was making the decision

Well, then it is good you are not in charge.

Quoting KiwiRob (Reply 10):
That was you own fault, if US companies get the majority of contracts then it just proves what everyone said all along, the US went into Iraq to get their oil.

Why would it prove that? It has been over 6 years since the US liberated Iraq. The US has gone through two energy crisis since then. In 2003, gasoline in the US cost about $1.25/gal. It went to well over $4.00/gal. last year, and helped to wreck the US economy. Even today, gasoline costs over $2.50/gal., twice what it costs before Operation Iraqi Freedom.

Quoting STT757 (Reply 12):
I agree, I wish it were because of the oil. I fear the true reason was some kind of weird Neo Con think tank experiment that went from the academic theoretical to the actual policy of a George W. Bush Administration.

I think George W. Bush and Dick Cheney should be left alone, however Rumsfeld, Doug Fieth, Paul Wolfowitz and Alberto Gonzalez should all be investigated and if it warranted prosecuted.

Liberal crap with no evidence to back it up.

BTW, exactly what laws did Rummy, Fieth, Wolfowitz, and Gonzalez break?

Should we also start investigating the Obama Administration, too?

Quoting DeltaMD90 (Reply 15):
All you guys saying the oil argument... why haven't we gotten the oil then?

Correct.


User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 17, posted (5 years 1 month 3 days ago) and read 2696 times:



Quoting KC135TopBoom (Reply 16):
It has been over 6 years since the US liberated Iraq.

I wonder how many in Iraq would consider themselves liberated, I'm pretty sure all those Iraqis who lost loved ones would have preferred to stay unliberated. What importance are 4500 US lives compared to the well over 100,000 Iraqi civilians who have died since liberation.

Quoting KC135TopBoom (Reply 16):
In 2003, gasoline in the US cost about $1.25/gal. It went to well over $4.00/gal. last year, and helped to wreck the US economy. Even today, gasoline costs over $2.50/gal., twice what it costs before Operation Iraqi Freedom.

Woopee that's cheap fuel compared to what people in most other Western countries have to pay, I don't feel one little bit sorry for you. Prices in the US are to low for just about everything, the rest of the world has subsidised the US for far to long, it's time you guys actually paid what things are really worth.


User currently offlineOA260 From Ireland, joined Nov 2006, 26855 posts, RR: 58
Reply 18, posted (5 years 1 month 3 days ago) and read 2692 times:



Quoting KiwiRob (Reply 17):
I wonder how many in Iraq would consider themselves liberated,

Depends who you chat to. BBC were interviewing normal everyday Iraqis on the street and some said they couldn't wait for the US troops to leave and others said they feared the Militias will come back when the troops go . So I guess opinion is split.


User currently offlineFlyPNS1 From United States of America, joined Nov 1999, 6586 posts, RR: 24
Reply 19, posted (5 years 1 month 2 days 23 hours ago) and read 2679 times:



Quoting DeltaMD90 (Reply 15):
Even the people that think President Bush was really really stupid, come on, give the man a break, he wasn't that dumb!

I don't think Bush was dumb (though he's no genius either), just easily manipulated. This is why the Republicans chose him as their nominee.

Quoting STT757 (Reply 12):
I fear the true reason was some kind of weird Neo Con think tank experiment that went from the academic theoretical to the actual policy of a George W. Bush Administration.

I think this is largely the case. The only thing missing was a good way to convince the American people to support the war. 9/11 completed that puzzle by creating enough fear to push a majority to support it (at least temporarily). The Administration figured that Iraq would be a pushover and a nice trophy to put on the mantle. Countries like Iran and North Korea would be too messy even though those countries posed more threat to the U.S.

Any other benefits, like oil, would be ancillary.


User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 20, posted (5 years 1 month 2 days 22 hours ago) and read 2664 times:



Quoting OA260 (Reply 18):
Depends who you chat to. BBC were interviewing normal everyday Iraqis on the street and some said they couldn't wait for the US troops to leave and others said they feared the Militias will come back when the troops go . So I guess opinion is split.

If they hadn't been liberated then there wouldn't have been any militias.


User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 21, posted (5 years 1 month 2 days 22 hours ago) and read 2656 times:



Quoting KiwiRob (Reply 20):
If they hadn't been liberated then there wouldn't have been any militias.

Bit tricky to argue with that one would think !! But????


User currently offlineGQfluffy From , joined Dec 1969, posts, RR:
Reply 22, posted (5 years 1 month 2 days 22 hours ago) and read 2651 times:

If the US of A is so "bad"...fine...we should drop all our commitments worldwide, bring everyone home, and tell the world to piss off. We'll see what your attitude is in 12 months.

User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 23, posted (5 years 1 month 2 days 21 hours ago) and read 2646 times:



Quoting GQfluffy (Reply 22):
If the US of A is so "bad"...fine...we should drop all our commitments worldwide, bring everyone home, and tell the world to piss off. We'll see what your attitude is in 12 months.

There are some fights worth fighting but the last two US committments have been rather dubious in origin. Where is the US now that it's doing anything good?


User currently offlineMichlis From United States of America, joined Jul 2007, 737 posts, RR: 2
Reply 24, posted (5 years 1 month 2 days 21 hours ago) and read 2643 times:



Quoting FlyPNS1 (Reply 11):
Frankly, oil would have been a better reason than the actual reason we invaded which was sadly so that neocons could try and create a legacy for themselves.

More prattling from the left.

Quoting KiwiRob (Reply 23):
There are some fights worth fighting but the last two US committments have been rather dubious in origin. Where is the US now that it's doing anything good?

Who gets to decide that a fight is a good one?



If you know the enemy and know yourself, you need not fear the outcome of a hundred battles.
25 FlyPNS1 : Responses like this are usually a good sign that the analysis is on target.
26 Michlis : That's a nice way to dsimiss it, but really it's an observation that an ideological extreme is taking advantage of a situation to blow off. If the in
27 FlyPNS1 : I don't consider "neocon" to be an ideological slur. And I specifically used neocon, instead of simply saying conservatives, because I don't think it
28 Michlis : Need I say more?
29 KiwiRob : Not the US, whenever you guys do anything loads of innocent people get killed. The US only acts in it's own interest, they do not do anything for the
30 Post contains links Fxramper : I haven't been following this story as closely as I should have, but are they looking for regional companies (ARAMCO) to get the majority of the contr
31 Michlis : Welcome to the real world! That's what countries do...they look out for their own interests. By your logic I suppose after that tsumani several years
32 YOWza : I would hazard a guess that if the US backed away from Wilsonian foreign policy doctrine you would see: a) a safer USA, less meddling makes you less
33 Michlis : I believe "meddling" should also include all foreign aid. You get it...I don't need to say more. Lol, "security infrastructure." That's priceless. He
34 DeltaMD90 : Well considering you just said I think he got you there. If we wanted cheaper oil, why'd we go and do it that way? If we wanted cheap oil we would ha
35 FlyPNS1 : I have no idea what you are trying to say. You don't really seem to have any ideas on the topic, just lots of one liners.
36 Michlis : Sure you do...think about it for a moment. Oh, I have lots of ideas on the topic, but the "one-liners" seemed more appropriate.
37 OA260 : Well I agree and Obama has done alot of bridge building despite how many of your right wing leaning Republican citizens say about him. Hopefully he w
38 Michlis : I'll probably get flamed for this but so be it. The biggest issue with the European nations had with the former president (and you will all of course
39 OA260 : That has nothing to do with most European objections to your last administration. The difference is that the current Obama administration is totally
40 Mham001 : Oh crap. The fact is you pay the exact same amount of money for your oil. Your high prices come directly from your willingness to allow your politici
41 Post contains links and images OA260 : Well we are ripped of by the governments when it comes to Petrol and Heating Oil. UK for example : If a litre of unleaded cost 93p, it would be split
42 Windy95 : No we do not. We have and need to keep the freedom to drive what we want and can afford. Your opinion If the radical left hates whoever is President
43 OA260 : Fine but if you pollute the planet more you must pay more. Indeed it is . And you are entitled to yours. Well the recent election showed that the maj
44 Mir : I'm split on this one. On the one hand, the US did invest a lot of money and lives in removing Saddam, and it would be only fair that we reaped some o
45 DeltaMD90 : ...or they didn't like McCain... American politics aren't like European politics. We have 2 choices (I'm not counting stupid parties like the green p
46 OA260 : Yeah but there are millions of Americans so if I were to take your word for it I wouldnt be getting an even balance of opinion.
47 DeltaMD90 : Touche Well I think we can all agree... Planes are awesome!
48 Mir : Careful. Those "stupid" 3rd parties may be the best hope of cleaning up the mess that is Washington. -Mir
49 OA260 : Yeah I love Airbus In all serious though there are plenty of things I do like about America even though it sometimes sounds like I am slagging you of
50 DeltaMD90 : We haven't seen a significant 3rd party in years and frankly, besides stealing enough votes to sway the vote just a bit, they have no impact as far a
51 Mir : Yeah, right now they're pretty pitiful. But neither the Democrats nor Republicans are interested in changing the country for the better - they're onl
52 KiwiRob : Oh come on WW1 you guys showed up very late to the party, you turned up when the war was almost over, the Germans would have lost even if you didn't
53 OA260 : True they should have used the 787 to invade Iraq carrying the troops. Then the war would not have happened.
54 KiwiRob : Based on results it has to be Afghanistan, it's been awhile since 9/11 and you still haven't caught OBL. A complete waste of time, money and lives.
55 Mir : As to the first part, Saddam had a pretty good stranglehold on Iraq. Once he died, you knew where the power was going to go: to his sons. And they wo
56 DeltaMD90 : I don't have numbers, I don't think anyone does, but do you honestly think US soldiers committed more atrocities than the past regime? Oh come on you
57 Windy95 : Do not mistake dislike for jealousy. I believe there are many more people who would like to live the American dream than those who dislike us. How wo
58 YOWza : Let me get you a stool to help you off your high horse. Your government contributes nowhere near as much to aid as you/or they seem to think. So let'
59 Mir : Because pollution has a cost, and someone is going to have to pay it. Who better than the ones who create the pollution? Or were you thinking that ev
60 Mham001 : This is where myth goes too far. Fact is we drive the cleanest cars on earth. They just don't match up to standards the snooty Euros have decided we
61 Mir : Then there shouldn't be much extra cost to the producers. -Mir
62 Michlis : That's a pretty interesting statement. I agree the current administration is different, and that he's beginning to understand the nature of internati
63 Michlis : With the US leading the charge into occupied Europe and island hopping in the Pacific. Not to mention all the unofficial support in terms of supplies
64 OA260 : Well its funny that the Israeli's dont like him.
65 KiwiRob : The American Dream is a myth, you can live pretty much the same if not better dream life in most Western Countries (most come with better health serv
66 AustinAirport : LOL. Sounds like the movie "Sicko".
67 OA260 : Very true. Having lived in the USA the experience was nice but not the type of life I would want.I certainly wouldnt call it a dream. I feel far more
68 DeltaMD90 : Not if you live in an oppressed country and come to America. Also don't forget where the origins came from, I'm sure nowadays people have experienced
69 Aaron747 : Per capita there was greater sacrifice from contibutors to the war effort such as Canada and New Zealand.
70 DeltaMD90 : Source? Not saying youre wrong I'd just like to see the numbers
71 Post contains links Aaron747 : New Zealand's 1940 population was 1.6 million yet they had ~150,000+ serving overseas in Europe and the Pacific on behalf of the Commonwealth. They al
72 ME AVN FAN : except that not the whole conglomerate will do the business but AGIP only 4500 ? the "sacrifice" of Iraq for an idea of the US leadership was somewha
73 UAL777 : I have stayed in Europe for a few months (in a typical European household) and it isn't for me. I love the trains and all that, but there are too man
74 Davehammer : On the issue of Iraq I'd expect a smattering of companies from all over. There's no such thing as a typical European household. My household in Englan
75 Lewis : I think Europe is much more diverse in terms of living experience. And I don't think there is a typical European household, as there is a typical Ame
76 UAL777 : I disagree. The diversity of the U.S. (Rocky Mountains, Northwest, Northeast, Upper Midwest, Southwest, Alaska, Hawaii, Texas, and Southeast) cannot
77 ME AVN FAN : And no "European language" and rather different cultures - You have southern coastlines with beaches, high mountains, islands, and nordic areas in Eu
78 OA260 : I think the one thing Europe has is CULTURE
79 KiwiRob : What about the millions of illegials living in Europe, there are probaby just as many if not more illegials here than the US. I don't know about easi
80 Aaron747 : Nonsense. Home loans are much easier to come by in Japan provided you've been at your employer three years and have no loan sharks after you. Not onl
81 Baroque : Europe has the kultur (and it used to have Meier), and the US has the Brownings.
82 UAL777 : Yes, but it lacks the wide open plains (and I mean the type where there is nothing all the way to the horizon). Hey you called it a myth so I am just
83 ME AVN FAN : - ok, sure, the wide open plains are what I enjoyed in the USA the most. For such spaces in Europe you have to go to Russia ! The open plains between
84 Aaron747 : In suburban areas, namely around here, expect to pay between $150K and $350K depending on quality, for the usual home. In central Osaka or Tokyo, upw
85 UAL777 : Out of curiosity what is the square footage of an average sized home in Japan? And in comes my point. I am not trashing other western nations at all.
86 ME AVN FAN : - while the USA has a lot to offer, the expression "widest variety" is a superlative and simply is wrong. Europe offers more choices and almost as mu
87 Michlis : " target=_blank>http://en.wikipedia.org/wiki/Militar...ar_II Citing Wikipedia doesn't count.
88 Post contains links Baroque : Strewth Population.........Miitary deaths... % of population .....1,629,000......... 11,900 .........0.67% References are The military deaths listed
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