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US's Iraq oil grab is a done deal

Discussion in 'World Politics' started by zerorelations, Apr 11, 2007.

  1. zerorelations

    zerorelations Well-Known Member

    Dec 9, 2006
    Likes Received:
    The US imposed oil law privatizes Iraq's oil industry and gives the US control of the spigot. As planned, the US will have "critical leverage" over the global economy and "veto power" over the actions of potential rivals by controling the 2nd largest oil reserves in the world.

    US's Iraq oil grab is a done deal
    By Pepe Escobar

    "By 2010 we will need [a further] 50 million barrels a day. The Middle East, with two-thirds of the oil and the lowest cost, is still where the prize lies." - US Vice President Dick Cheney, then Halliburton chief executive officer, London, autumn 1999

    Asia Times Online :: Middle East News - US's Iraq oil grab is a done deal

    Congressional Spending Bill Targets Iraqi Oil

    Congressional Spending Bill Targets Iraqi Oil

    al-Maliki fears U.S. will oust him if oil law not passed

    Wed Mar 14, 2007 at 03:37:02 PM PDT

    From the AP:BAGHDAD: Prime Minister Nouri al-Maliki fears the Americans will withdraw support for his government — effectively ousting him — if parliament does not pass a draft oil law by the end of June.

    Daily Kos: State of the Nation

    New Iraqi Oil Law Seen as Cover for Privatization

    News – The U.S.-backed Iraqi cabinet approved oil law that gives foreign companies contracts. Labor unions insist oil production should remain in the hands of Iraqis. "...transferring ownership to the foreign companies would give a further pretext to continue the U.S. occupation on the grounds that those companies will need protection."

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