Tuesday, July 17, 2007

Blood for Oil - It's starting to seep out

About 300 oil industry workers gathered in Iraq’s main oil port of Basra yesterday to protest a draft law that they said would allow foreigners to pillage the country’s wealth.
Let's face it, Iraq has only one asset and that is it's oil. Current estimates give Iraq the 2nd largest oil reserves on the planet.
This super-secret bill's provisions, that Bush has been not-so-quietly pushing for, is starting to seep out to the public. Not only the public of Iraq but also America.
If there was any question before regarding whether this war was about the oil then it can pretty much be laid to rest now.
This law, in fact destroys the achievements of the Iraqi masses and especially the Law number 80 of 1961 and the nationalisation of 1973.
The law from 1961, part of a bundle of socialist reforms issued by then-Prime Minister Abdul Karim Qassim, sharply limited foreign involvement in the oil sector.
The new law explicitly states that the oil industry be privatized. What I've heard lately is that the US will be given a 30 year lease to develop all oil fields that are not currently developed. The Iraqi oil workers are concerned that when the US oil companies come in then they will be out of jobs.
So what about all the promises that the oil belonged to the Iraqi's? I guess it technically still will but how much revenue from their oil that they receive will be up to us. Current estimates are that we'll get 80% and they'll get 20% which they get to split three ways.
Even stallwart Democrat Dennis Kucinich was taken aback by how his own party is capitulating to the GOP's push to steal the oil. Here is what he said recently, "We have the Democratic Congress promoting President Bush’s bill that provides for the privatization of Iraq’s oil under the guise of a reconciliation program, that tells the Iraq government that unless they agree to privatize their oil, that we’re going to pull our troops out and not put replacement troops and peacekeepers in.

You see, this doesn’t represent what America is about. No way. This isn’t who we are.
"
I'm sorry Dennis, apparently it is.

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