Not about oil (yeah, right)
There’s been much hoohah over the Iraq Study Group’s report and it’s suggestions about how to rearrange the deck chairs on the Titanic with a troop movement here and a withdrawal there. Lost in the static is this gem:
From Antonia Juhasz, Alternet, Dec. 7th:
The ISG report, however, goes further, stating that “the United States should assist Iraqi leaders to reorganize the national oil industry as a commercial enterprise.” …
If these proposals are followed, Iraq’s national oil industry will be privatized and opened to foreign firms, and in control of all of Iraq’s oil wealth.
Mission Accomplished.
[…] The small print in the Iraq Study Group report mentioned what a good idea it would be to privatize the Iraqi oil industry, and allow foreign companies to take home twice the already large industry-standard share of their profits. (Earlier post on that.) To put it less politely, having reduced Iraq to a condition of helplessness, the US demands money the way people generally do when they’re at the right end of the gun. […]
Acid Test » Iraq’s new oil law: who benefits? on February 27th, 2007 at 09:17
[…] Previous posts suspecting this very outcome here and here.) […]
Acid Test » Iraq’s Oil Law: Robbery As Usual on March 31st, 2007 at 11:55