30 Years Of War Profiteering Ahead For Western Oil Companies

[cal04]

The 'IoS' today reveals a draft for a new law that would give Western oil companies a massive share in the third largest reserves in the world. To the victors, the oil? That is how some experts view this unprecedented arrangement with a major Middle East oil producer that guarantees investors huge profits for the next 30 years

So was this what the Iraq war was fought for, after all? As the number of US soldiers killed since the invasion rises past the 3,000 mark, and President George Bush gambles on sending in up to 30,000 more troops, The Independent on Sunday has learnt that the Iraqi government is about to push through a law giving Western oil companies the right to exploit the country's massive oil reserves.

Now, unnoticed by most amid the furore over civil war in Iraq and the hanging of Saddam Hussein, the new oil law has quietly been going through several drafts, and is now on the point of being presented to the cabinet and then the parliament in Baghdad. Its provisions are a radical departure from the norm for developing countries: under a system known as "production-sharing agreements", or PSAs, oil majors such as BP and Shell in Britain, and Exxon and Chevron in the US, would be able to sign deals of up to 30 years to extract Iraq's oil. Read more…

There's another issue involving Iraqi oil that has gone virtually unnoticed. According to The Raw Story, in Saturday's New York Times it's revealed that somewhere between $5 and $15 million dollars in Iraqi oil goes missing every day. It's becoming clear why Dick Cheney's 2001 energy task force meetings were made classified and why attempts to gain access to records from those meetings met with such strong resistance and are still being kept from the public to this day.

http://www.crooksandliars.com/2007/05/12/30-years-of-war-profiteering-ahead-for-western-oil-companies/

Blood and oil: How the West will profit from Iraq's most precious commodity
The 'IoS' today reveals a draft for a new law that would give Western oil companies a massive share in the third largest reserves in the world. To the victors, the oil? That is how some experts view this unprecedented arrangement with a major Middle East oil producer that guarantees investors huge profits for the next 30 years
http://news.independent.co.uk/world/middle_east/article2132574.ece

[greyghost]

1. Of course...

BushCo would have preferred to hold off on this, but since the house of cards is crumbling...

[azurnoir]

2. Cheney et al can draft anything they want

but I doubt the Kurds will sign it. Note that it's been some time since they they have been touted in the MSM as being our allies, in fact stories about how a Kurdish girl was stoned to death have circulated widely. The purpose of this is to arouse public condemnation of the Kurdish as a whole, not point out that there are still peoples who live in rugged isolated areas who's customs and way of life hasn't changed in 1000 years. The reason behind it is the oil deal and the fact that the Kurds want and have wanted their own country nothing more, nothing less and who ever will help them is friend and will not is enemy.
This bill over all should be proof positive for anyone who doubts it, that this was a war for oil and planned far in advance, 9/11 gave them the excuse needed, was it dumb "luck" or conspiracy, you be the judge?

[greyghost]

4. Exactly,

anyone who still believes this wasn't for the oil is a 28%'er!

Watch as Exxon/Mobil moves in next door to Haliburton and the real fun starts...

[peacetalksforall]

3. New homes for Exxon, Chevron, Shell = Dubai? To heck with

oil spills and damage - if the Sheik or Caliphate doesn't want to pay - we won't either! You say the company is responsible for that accident killing 30? So what? We don't have to follow U.S. rules anymore.

Is it coming? It's coming. No taxes, no legislation, no lawsuits, no oversight, no reform. NO MORE, no more, no more, no more. The oil god is good for 30 years.

So is anyone going to listen to hippie wind blowers?