Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Fri Sep 7, 2012, 09:34 AM Sep 2012

Exxon Explores 'Very Promising' Oil And Gas Fields In Afghanistan

http://www.businessinsider.com/this-energy-company-hopes-to-find-oil-in-afghanistan-2012-9



KABUL/SINGAPORE (Reuters) - More top-tier energy companies are likely to join the race to explore for oil and gas in Afghanistan after the world's biggest publicly traded firm, Exxon Mobil, changed perceptions of what the country may hold by showing interest in drilling.

Energy majors are exploring new frontiers in pursuit of fresh reserves as they exhaust existing fields and Afghanistan, after decades of conflict, remains little explored.

While the U.S. government estimates the country holds a fraction of the reserves of surrounding giant Middle East producers, its potential is enough to attract Exxon Mobil and that factor, by itself, is likely to lure more.

Kabul, which has long depended on international donations to finance its economy, now hopes revenue from raw materials will help the country stand alone, especially as an impending pullout of most foreign troops by the end of 2014 is creating donor fatigue.


Read more: http://www.businessinsider.com/this-energy-company-hopes-to-find-oil-in-afghanistan-2012-9#ixzz25n5Q1sVl
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Exxon Explores 'Very Promising' Oil And Gas Fields In Afghanistan (Original Post) xchrom Sep 2012 OP
That's what it was all about in the first place. postulater Sep 2012 #1
Jon Stewart's "Ore on Terror" where he knocks it out of the ball park: CrispyQ Sep 2012 #2
Nice to know our soldiers are dying for Exxon LiberalEsto Sep 2012 #3
The last time that they didn't die for corporate profits was probably 1776 ... Nihil Sep 2012 #4
Britain wanted to hold onto the colonies because of "corporate profits". dixiegrrrrl Sep 2012 #5
Yep Nihil Sep 2012 #6

CrispyQ

(36,226 posts)
2. Jon Stewart's "Ore on Terror" where he knocks it out of the ball park:
Fri Sep 7, 2012, 09:52 AM
Sep 2012

"You've got tons and tons of incredibly valuable resources buried beneath your surface.... You will never not know war."

http://www.dailykos.com/story/2010/06/16/876511/-Jon-Stewart-on-minerals-discovery-Afghans-you-re-screwed

It really is one of his best!



 

Nihil

(13,508 posts)
4. The last time that they didn't die for corporate profits was probably 1776 ...
Mon Sep 10, 2012, 04:50 AM
Sep 2012

... and even then there are question marks ...

dixiegrrrrl

(60,010 posts)
5. Britain wanted to hold onto the colonies because of "corporate profits".
Mon Sep 10, 2012, 11:32 AM
Sep 2012

Not that we were taught that in school.

 

Nihil

(13,508 posts)
6. Yep
Mon Sep 10, 2012, 11:50 AM
Sep 2012

I should have said "the last time they didn't die to improve corporate profits"
as they've been defending them ever since.

Latest Discussions»Issue Forums»Environment & Energy»Exxon Explores 'Very Prom...