Tuesday, October 17, 2006

It WAS The Oil, Stupid


Many of us always knew the Iraq invasion was for the oil. Well, now you shall know it too.
Iraq is sitting on a mother lode of some of the lightest, sweetest, most profitable crude oil on earth, and the rules that will determine who will control it and on what terms are about to be set.

The Iraqi government faces a December deadline, imposed by the world's wealthiest countries, to complete its final Oil Law. Industry analysts expect that the result will be a radical departure from the laws governing the country's oil-rich neighbors, giving foreign multinationals a much higher rate of return than with other major oil producers, and locking in their control over what George Bush called Iraq's "patrimony" for decades, regardless of what kind of policies future elected governments might want to pursue.

(read more)

PS - Stole the pic from the article.

1 Comments:

Blogger KayInMaine said...

Yup, it will always be about the oil with the Oil Maggosts in the White House. It's their Texas tea....awwww, how cute.

10/17/2006 08:21:00 AM  

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