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H13734

Headlines : Iraq

Summary:

For the last century, the world’s governments have been ready to go to war over oil—and they will again, until a new society that places priorities on democracy, freedom and justice is established.

[Posted By ShiftShapers]

By Alan Maass
Republished from CounterCurrents

The oil men of the Bush administration are trying to set up one of the biggest swindles in history—the great Iraq oil robbery.

The cabinet of the new Iraqi government—under pressure from the U.S. occupiers who put them in power—approved a law that would undo Iraq’s nationalized system and give Western oil giants unparalleled access to the country’s vast reserves.

The oil companies would be guaranteed super-profits—on a scale unknown anywhere else in the Middle East—for a period of 20 to 35 years from oil pumped out of two-thirds or more of Iraq’s oilfields. Meanwhile, Iraqis would continue to endure poverty and the devastation of war while sitting atop what is estimated to be the third-largest supply of the world’s most sought-after resource.

The great Iraq oil robbery isn’t a done deal. Even if the law is finalized by May as expected, the major oil companies say they won’t have anything to do with production in Iraq until “security” is established—and that would mean a success for the occupiers and their Iraqi puppets that the U.S. hasn’t been able to achieve over the past four years since the invasion.

Still, the law underlines the importance of the scramble for oil to the U.S. empire—no matter how much George Bush and his administration deny it with claims about spreading “democracy” and making the world safe from terrorism.

[end excerpt]

Click here to read the rest of the article

Posted by ShiftShapers
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