Published on Wednesday, July 23, 2003 by CommonDreams.org
Operation Oily Immunity
by Steve Kretzmann and Jim Vallette
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The Bush/Cheney administration has moved quickly to ensure US corporate control over Iraqi resources at least through the year 2007. The first part of the plan, created by the UN under US pressure is the Development Fund for Iraq which is being controlled by the US and advised by the World Bank and the International Monetary Fund (IMF). The second is a recent Bush executive order that provides absolute legal protection for U.S. interests in Iraqi oil.
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Executive Order 13303 decrees that 'any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void', with respect to the Development Fund for Iraq and "all Iraqi petroleum and petroleum products, and interests therein."
In other words, if ExxonMobil or ChevronTexaco touch Iraqi oil, it will be immune from legal proceedings in the US. Anything that could go, and elsewhere has gone, awry with U.S. corporate oil operations will be immune to judgment: a massive tanker accident; an explosion at an oil refinery; the employment of slave labor to build a pipeline; murder of locals by corporate security; the release of billions of tons of carbon dioxide into the atmosphere. The President, with a stroke of the pen, signed away the rights of Saddam's victims, creditors and of the next true Iraqi government to be compensated through legal action. Bush's order unilaterally declares Iraqi oil to be the unassailable province of U.S. corporations.
In the short term, through the Development Fund and the Export-Import Bank programs, the Iraqi peoples' oil will finance U.S. corporate entrees into Iraq. In the long term, Executive Order 13303 protects anything those corporations do to seize control of Iraq's oil, from the point of production to the gas pump - and places oil companies above the rule of law.
The authors are analysts with the Sustainable Energy & Economy Network of the Institute for Policy Studies. For more information on Executive Order 13303, see www.seen.org
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