GE expects to make billions in Iraq

[DuctapeFatwa]

The company, whose holdings range from light bulbs to aircraft engines, expects to do substantial postwar business in the country.

Jeff Immelt, the company’s chief executive, said in a conference call with analysts that GE has already received about $200 million worth of orders in Iraq so far this year.

"We think Iraq could be a couple billion dollars of orders in terms of power generating equipment and medical equipment," Immelt said.

http://www.zwire.com/site/news.cfm?newsid=10718634&BRD=1281&PAG=461&dept_id=7546&rfi=6

[tinrobot]

1. I wonder if NBC will report this...

eom

[leftchick]

2. That certainly would explain the whorefest on NBC daily

for dimbulb*, brought to us by Brokaw, Timmy Russert et al....

:puke:

[GOPisEvil]

3. Keep that article in mind every time you see NBC cheerlead for Bush*.

[dbt]

4. Lots of big money to be made

Selling the Army the tools of the trade on NBC.

:evilgrin:
dbt

[Astarho]

5. Now it falls into place

Where I work, we order a fair amount of merchandise from GE. Last year, about a month before the Iraq war, GE offered my boss a great deal. About twenty pallets showed up and they were covered with so much thick dust I knew they had been sitting in a warehouse for a while (some were dated 1995). I knew something was up then and the war started about a month later.

Throughout the year GE has been sending us more stuff cheap (with free freight). They sent us a lot last month too.

I figured they were doing this because something was up and they needed the space. Now I know. What's a few thousand dollars compared to $200 million. I'll be watching for the next "great deal" they offer.

[BuckeFushe]

6. It never was about the oil, it was the infrastructure

None of us saw this coming. We all though it was the oil, but the oil is too long-term to be profitable. This is about massive short-term profits for the ShrubCo contributors, nothing more. We looked at the easy target. We missed the forest for the trees.

There's nothing we can do now. They got their doggie bag, and now they're going home.

[dbt]

7. I believe the oil figures in, too, BuckeFushe.

Here is a list of articles that shed some light on the subject of Peak Oil.

George Monbiot: The world is running out of oil - so why do politicians refuse to talk about it?

Charles Arthur: World oil and gas supplies are heading for a "production crunch" sometime between 2010 and 2020 when they cannot meet supply, because global reserves are 80 per cent smaller than had been thought, new forecasts suggest.

Stephen James Kerr: Global oil production would peak in the first decade of the 21st century and decline forever thereafter. There is no adequate substitute for oil energy. The peaking of production means the further growth of energy demand, and thus of the global capitalist economy, is physically impossible. No energy - no economy.

You get the picture. I think Peak Oil is the long-term reason that we invaded Iraq--as opposed to Afghanistan. Whoever controls the BFEE are some serious long-term thinkers; they fully subscribe to the "no energy, no economy" theory, IMO.

Perhaps oil is too long-term to be profitable, as you say. But having forces in place to control access to that oil fits the BFEE's demonstrated thirst for power very neatly, no?

As to massive short-term profits for ShrubCo contributors, that is pretty much a given regardless of which country we invade, innit?

Any way you slice it, there's something out there that's precious enough to make the bu$h Regime undertake the scorched-earth policy under which they have been operating for the past three years. The Puppet Masters are going to suck everything out of this planet that they possibly can in bu$h's first term. A second trerm will simply be gravy.

:scared:
dbt

[pansypoo53219]

8. so don't expect NBC

to be critical of the chimperor.

[leesa]

9. And didn't GE just lay off a bunch of people. More for the CEOs!

American corporatists are the biggest criminals on earth. Faaaar worse than Saddam could ever hope to be.

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[drdigi420]

11. good companies do, but not the ones

stealing from us because of bush's policies. Illegally invading Iraq just to increase profits for Bush's contributors is WRONG, EVIL, and IMMORAL.

bush doesnt have a clue what his neocon puppet masters are doing, he's just along for the ride.

[frylock]

12. thanks for your insight..

and please enjoy your stay. :eyes:

[cliss]

13. These guys are dreamers.

I think the significant word here is "postwar" business in Iraq. When, pray tell, is that day going to be?

We have already sunk $160 billion into this "business opportunity", in the hopes that the Iraqis will 'settle down' and let us move in and proceed to sell the country to the highest bidder. The resistance fighters, along with their neighbours, have stated their verdict on the matter. They're planning to fight. And they're in it for the long haul, unlike the impatient americans.

So much for prudent, conservative businessmen. What did the Bush Administration tell them? Looks like the cheaters got cheated.

This is what absolutely blows me away about other stories I've read about Halliburton and the oil pipeline. They keep fixing it, and it keeps getting blown up. Every time it blows, it costs about $1 million to repair it.

Other countries have hesitated to send in their troops. They know the situation is too dangerous. Why is it that they can see the situation with 20/20 vision, and we can't?