Fox Analyst: Iraqis ‘Owe Us’ 100-Year Leases On Their Oil, ‘We Ought To Take It’

Think Progress
Tuesday, June 24, 2008

Last week, the New York Times reported that four Western oil companies � Exxon Mobil, Shell, Total, and BP � are in the final stages of negotiating no-bid oil contracts “to service Iraq�s largest fields.” These contracts would run for one to two years, and give the oil companies a “foothold” in bidding on future contracts.

But one-to-two year service contracts aren’t enough for analyst Bob Beckel, a Fox News liberal. On the O�Reilly Factor last night, Beckel said that “what we ought to do is get Iraq to give us a 100 year lease” for exploring their oil fields:

BECKEL: OK, now, what we ought to do is get Iraq to give us 100 year lease on their unexplored � they�re the second largest source of oil in the world. Known reserves. Give the United States oil companies 100 year leases. Let us explore. We can get it quickly. It�s through sand. It�s the fastest way to get oil.

FULL ARTICLE @ Think Progress