Bush's petro-cartel almost has Iraq's oil

AlterNet
by Joshua Holland

10/16/06

If the U.S. invasion of Iraq had occurred during the colonial era a hundred years earlier, the oil giants, backed by U.S. forces, would have simply seized Iraq's oil fields. Much has changed since then in terms of international custom and law (when then-Deputy Secretary of Defense Paul Wolfowitz did in fact suggest seizing Iraq's Southern oil fields in 2002, Colin Powell dismissed the idea as 'lunacy'). Understanding how Big Oil came to this point, poised to take effective control of the bulk of the country's reserves while they remain, technically, in the hands of the Iraqi government -- a government with all the trappings of sovereignty -- is to grasp the sometimes intricate dance that is modern neocolonialism. The Iraq oil-grab is a classic case study...

//www.alternet.org/waroniraq/43045/


Informant: Thomas L. Knapp

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Bush's Petro-Cartel Almost Has Iraq's Oil (Part Two)
//www.alternet.org/story/43077/


Informant: binstock

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