Tuesday, June 24, 2008

The answer depends on who you are

Derrick Z. Jackson sums it up nicely at the Boston Globe in his article "Big Oil and the war in Iraq."
IT TOOK five years, the deaths of 4,100 US soldiers, and the wounding of 30,000 more to make Iraq safe for Exxon. It is the inescapable open question since the reasons given by President Bush for the invasion and occupation did not exist, neither the weapons of mass destruction nor Saddam Hussein's ties to Al Qaeda and the Sept. 11 terrorist attacks.

The New York Times reported last week that several Western oil companies, including ExxonMobil, Shell, Total, BP, and Chevron, are about to sign no-bid contracts with the Iraqi government. Western oil had a significant stake in Iraqi oil for much of the last century until the government nationalized the industry in 1972. The Associated Press quoted Oppenheimer & Co. analyst Fadel Gheit as saying he believed the contracts were a first step toward production-sharing agreements. "These companies are in it for the money, not to make friends," Gheit said.
You can read the whole article here.

And don't forget Halliburton and its former subsidiary KBR and Blackwater and their ilk.

I see that this is the 1500th post on this blog.
--the BB

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