Zeev's Turnips Talk Politics (ZTTP)

[teapeebubbles]

Strealing Iraq's oil legally
by Chris Floyd

truthout.org

Excerpt:
Bush's new law will give Exxon Mobil, BP, Shell and other Bush cronies unprecedented sweetheart deals,
allowing them to pump gargantuan profits from Iraq's nominally state-owned oilfields for decades to come.
This law has been in the works since the very beginning of the invasion - indeed, since months before the
invasion, when the Bush administration brought in Phillip Carroll, former CEO of both Shell and Fluor,
the politically-wired oil servicing firm, to devise "contingency plans" for divvying up Iraq's oil after the attack.
Once the deed was done, Carroll was made head of the American "advisory committee" overseeing the
oil industry of the conquered land, as Joshua Holland of Alternet.com has chronicled in two remarkable
reports on the backroom maneuvering over Iraq's oil: "Bush's Petro-Cartel Almost Has Iraq's Oil and
"The US Takeover of Iraqi Oil."