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Iraq: World's 4th largest oil reserves, so why is it so poor? watch

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    serious, bad ass, corruption.
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    The USA only invaded Iraq in 2003 - Iraq wasn't exactly booming before then, so the notion that Iraq is poor because of the American-led invasion is preposterous.
    Iraq is a relatively poor nation because a corrupt man called Saddam Hussein ruled the country for the best part of 25 years...
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    (Original post by Sundous)
    That one's easy, if you're not royalty..you won't see any progress
    Yeah. Shame. I like Arabic (or Persian) girls. Damn.

    And why is this in the General University Discussion forum?!?! :eek4:
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    All of this 'America is stealing it all' is absolute rubbish. The big oil contracts were sold off to a variety of the international corporations - American, European and Asian. Our very own BP got the biggest one. China's CNPC got a very large slice of the pie too.

    http://english.aljazeera.net/news/mi...615637434.html

    That's not to say that the US hasn't profited hugely from the sale of these contracts though.. they've made a killing.
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    (Original post by Davy-Jones)
    I always knew Iraq being in the middle-east had a bit of oil, but I have only just learned today that it has the world's 4th largest oil reserves (behind Saudi Arabia, Canada, Iran).
    Why then is it such a poor country? I know the political instability always doesn't allow the country to progress, but the rest of these oil rich countries, Saudi Arabia, Kuwait, UAE, Qatar etc. havn't just boomed out of nowhere only a few years ago..it's the result of work done since late 70's/early 80's.
    I'm not aware of Iraq's entire history, but why did the country not capitalize on this boom well before all this instability and political war kicked in? Also, assuming ofcourse the oil reserves are still active and are contributing the most to its economy, where is all this money going? where is it being spent :confused:
    One word: INEQUALITY


    PS: Why is this in GUD? :eyeball:
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    (Original post by Student2806)
    The USA only invaded Iraq in 2003 - Iraq wasn't exactly booming before then, so the notion that Iraq is poor because of the American-led invasion is preposterous.
    Iraq is a relatively poor nation because a corrupt man called Saddam Hussein ruled the country for the best part of 25 years...
    Hold on. US was the reason that UN has imposed sanctions on iraq at the first place. So technically, US is responsible for iraq's terrible economy, pre or post 2003.
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    (Original post by Craghyrax)
    One word: INEQUALITY


    PS: Why is this in GUD? :eyeball:
    because iraq is a case study
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    (Original post by neodymium)
    because iraq is a case study
    I was going for 'the thread starter can't read' :shifty:
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    1) Dictatorship(s)

    2) Dutch disease
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    Saddam didn't exactly enrich his people. The recent instability is also to blame. Nothing about the US stealing it. Saddam was ******* with the petrodollar system before the second Iraq war.
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    (Original post by Flying Cookie)
    Why oh why. Charzino is right, the US are literally just "stealing" everything they can. They're evil and unethical to the bone. How can a country just literally steal, this is what you ask Davy-Jones? Well, let's see. You get troops, send them there to destroy the order and get the world to think Iraq is the evil one. Sounds like a good plan. Oh wait, this has already happened.
    It's not about stealing, people forget the sanctions in the 1990s that crippled and destroyed Iraq after the Gulf War. Iraq used to be the most advanced Arab country until then. Many people hate Saddam but they have to agree that he kept Iraq peaceful and built a regional power.
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    (Original post by Diaz89)
    It's not about stealing, people forget the sanctions in the 1990s that crippled and destroyed Iraq after the Gulf War. Iraq used to be the most advanced Arab country until then. Many people hate Saddam but they have to agree that he kept Iraq peaceful and built a regional power.

    This partially..

    The American led economic sanctions forced upon Iraq during the 90's ruined the nation, indirectly killing hundreds of thousands, while at the same time playing into Saddam's hands as he was given something to blame all of his economic mistakes on, this situation was made worse by the constant American and British bombing of Iraq from the end of the first gulf war to the beginning of the second.
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    They're a bit busy atm.
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    (Original post by Diaz89)
    Many people hate Saddam but they have to agree that he kept Iraq peaceful and built a regional power.

    Other than the thousands of Iraqi's he sent to death for not agreeing with him.

    Other than the 5,000 Kurds he gassed using chemical weapons.

    Other than the hundreds of thousands Kurds that he killed during the An Anfal campaign.

    Yep, they definitely agree Saddam kept the peace, albeit in a very very mysterious way.


    A large portion of 'Iraq's', or should I say Kurdistan's oil is in the oil rich city of Kirkuk which has only recently started operating as a oil reserve. The city itself is under dispute as to whether it belongs to the Iraqi Arabs or the Kurds.

    Mehhhhh.
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    (Original post by Woop!)
    Other than the thousands of Iraqi's he sent to death for not agreeing with him.

    Other than the 5,000 Kurds he gassed using chemical weapons.

    Other than the hundreds of thousands Kurds that he killed during the An Anfal campaign.

    Yep, they definitely agree Saddam kept the peace, albeit in a very very mysterious way.


    A large portion of 'Iraq's', or should I say Kurdistan's oil is in the oil rich city of Kirkuk which has only recently started operating as a oil reserve. The city itself is under dispute as to whether it belongs to the Iraqi Arabs or the Kurds.

    Mehhhhh.
    I'm not condoning his actions but you have to understand the reality on the ground and Iraqi politics.This was Sunni versus Shi'ite, Arab versus Kurd, tribal chief versus urban merchant, nomad versus peasant. Stable rule in a country rife with factionalism required both massive repression and the improvement of living standards.

    Saddam faced a serious threat from the majority Shia population after the Iranian Revolution as they deeply resented his secular government and the fact a Sunni was the leader. Also the Kurds were also discontent with his Pan Arabism and he used appalling and evil repressive means to maintain peace in the country and prevent what is now a sectarian civil war.

    Plus millions of Iraqis also died but no through his actions but by those same people that gave him those Chemical Weapons.
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    You might not be condoning his actions but the tone of your post almost implies that you think he performed his duties, as the leader of Iraq, the best he could.

    But then, that's a matter of opinion.
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    Corruption
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    (Original post by Cultivated)
    It's America we're talking about. America can steal everything and still get away with it :yep:
    your virginity :ninja:
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    Yep, because if there were no invasion, the oil companies there would be distributing the wealth among Iraqis and they'd all be prosperous just like they were before the invasion. Because that's how it works, right? Wait, what, it's not? You mean they'd just keep it for themselves and get super rich? Haha, silly me, obviously the correct answer (on TSR) is: Americans are stealing it all!
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    (Original post by neodymium)
    Hold on. US was the reason that UN has imposed sanctions on iraq at the first place. So technically, US is responsible for iraq's terrible economy, pre or post 2003.
    The UN doesn't impose sanctions lightly (all the Security Council members approved them, not just the United States) - the fact that Iraq invaded Kuwait is not the fault of the UN or the USA.
 
 
 
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