Iraq to spend $13B on U.S. arms, equipment

[nicamarvin]

Jealous?

Iraq: "We offer ourselves to be Pakistan's vassal state."

Pakistan: "No...No...No...We refuse our muslims brothers' offer of submission."

No doubt Pakistan its jealous.....!! they would love to have our high tech toys..... instead they are settling for chinise crap....

 

[Gin ka Pakistan]

No doubt Pakistan its jealous.....!! they would love to have our high tech toys..... instead they are settling for chinise crap....

Once upon a time GM said the same about Honda and Toyota back in 80s

 

[Gin ka Pakistan]

Iraq has no enemies but Shia might use it against Sunni fighters or When Turkey (Nato memeber) will violate Iraqi Air Space to attacked Kurds , will these F-16s be used to engage them.

 

[nicamarvin]

Once upon a time GM said the same about Honda and Toyota back in 80s

are you comparing Japanese tech to Chinese? have you gone mad...

 

[Jigs]

are you comparing Japanese tech to Chinese? have you gone mad...

Huh ? GM is American buddy. He is comparing GM to the likes of Toyota and Honda(Japanese) .

 

[Jigs]

Iraq has no enemies but Shia might use it against Sunni fighters or When Turkey (Nato memeber) will violate Iraqi Air Space to attacked Kurds , will these F-16s be used to engage them.

I wouldn't even consider Northen Iraq their territory anymore. It has its own Kurdish administration (which in turn have their own army the Peshmarga) Iraq needs to worry about them before they try to handle Turkey's PKK Conflict.

 

[Kambojaric]

Jealous?

Iraq: "We offer ourselves to be Pakistan's vassal state."

Pakistan: "No...No...No...We refuse our muslims brothers' offer of submission."

Yes, im dying of jealousy

 

[nicamarvin]

Huh ? GM is American buddy. He is comparing GM to the likes of Toyota and Honda(Japanese) .

Once upon a time GM said the same about Honda and Toyota back in 80s

he clearly compared Japanese tech(honda) to Chinese tech......where for him GM(General Motors) its the USA and Toyota and Honda is China...

 

[Gin ka Pakistan]

he clearly compared Japanese tech(honda) to Chinese tech......where for him GM(General Motors) its the USA and Toyota and Honda is China...

No, I was just giving an example from the past that companies which started with cheap one day took the big guys.

 

[M_Saint]

Well US invested 800 billion ....

So now it will reclaim 150 billion from Arab states in form of sale of almost obsolete weapons , just will polish the items and put tinted glasses on the items. In 2-3 year

Then US companies will get discounted oil and make 150 billions form
cheap oil products 300 billion dollars recovered in 2-3 years

Good business model

Also US trade to Iraq & Middle east will also generate another 100 billion dollars over next 5 years -

So 50% of US bail out will be funded by Middle east - technically

Although you have summed it up well, I think the most important factor hasn't come up in your equation. When oil was $30-33 Per barrel, known reserve of it in Iraq was $11-13 Trillion. Now, having over $70.00 (Which might never go below than around this figure)p/b, it topples $25 Trillion figure. So, $800B of investment to get $25T return is indeed a good buisness, no?

 

[Tang0]

Although you have summed it up well, I think the most important factor hasn't come up in your equation. When oil was $30-33 Per barrel, known reserve of it in Iraq was $11-13 Trillion. Now, having over $70.00 (Which might never go below than around this figure)p/b, it topples $25 Trillion figure. So, $800B of investment to get $25T return is indeed a good buisness, no?

Actually, the cost of the war to the US was well over 3$ Trillion. 800 billion is a vast underestimate based almost solely on direct extra pentagon expenditures. Including things like health care, missed work because of reserve/ national guard deployments, etc. It is quite easy to triple that number.
Amazon.com: The Three Trillion Dollar War: The True Cost of the Iraq Conflict (9780393067019): Linda J. Bilmes, Joseph E. Stiglitz: Books

The politics the book exposes aside, the accounting is mostly correct, and preformed by a noble prize winning economist. The idea that the US could reap even 3$ trillion out of a 25$ trillion oil haul is ridiculous. You can't hide that much money, and who is going to allow it to happen in the open?