War On Terror Looks Like A Fraud...

The law -- which tens of thousands of Iraqis marched peacefully against on Monday when they called for the immediate expulsion of U.S. forces -- would transfer control of one of the largest oil reserves on the planet from Baghdad to Big Oil, delivering "the prize" at last that Vice-President Dick Cheney famously talked about in 1999 when he was CEO of Halliburton. "The key point of the law," wrote Mother Jones' Washington correspondent James Ridgeway on March 1, "is that Iraq's immense oil wealth (115 billion barrels of proven reserves, third in the world after Saudi Arabia and Iran) will be under the iron rule of a fuzzy 'Federal Oil and Gas Council' boasting 'a panel of oil experts from inside and outside Iraq.' That is, nothing less than predominantly U.S. Big Oil executives. "The law represents no less than institutionalized raping and pillaging of Iraq's oil wealth. It represents the death knell of nationalized Iraqi resources, now replaced by production sharing agreements, which translate into savage privatization and monster profit rates of up to 75% for (basically U.S.) Big Oil. Sixty-five of Iraq's roughly 80 oilfields already known will be offered for Big Oil to exploit." While the U.S. argues that the oil deal will give Iraqis their shot at "freedom and stability," the International Committee of the Red Cross reported this week that millions of Iraqis are in a "disastrous" situation that continues to deteriorate, with "mothers appealing for someone to pick up the bodies littering the street so their children will be spared the horror of looking at them on their way to school." http://www.winnipegsun.com/News/Columnists/Gleeson_John/2007/04/13/pf-4002082.html

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