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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-16-06 06:44 PM
Original message
87% of Iraq's oil will go to 4 multi-national oil companies
ding dong the wicked witch is dead ... or soon will be ...

no one is quite willing to say that the Dems will definitely retake the House and the Senate ... make no mistake about it, the republicans are hanging on for dear life right now ... if they're planning some sort of October surprise, it's going to have to include massive destruction on US soil because none of the little rovian goofy games is going to fix the mess they're in ... this election has always had a bi-polar personality ... if republicans could keep the focus local in a my guy versus your guy kind of way, their losses would be small ... if the Dems were able to nationalize the election and make it be a national referendum on bush, ballgame over ... if you're reading today's tea leaves, it looks like the election is going national and it looks like the invincible republican fascade is about to shatter ... but that's not what this post is about ...

when the new Dem tide washes over Washington, the last thing i'm going to want to hear is about the "new spirit of bipartisanship" ... forget it!!!! and i am not just looking for cute little liberal "adjustments" to the tragic legislation we've seen slime its way through the Congress over the past 6 years ... forget it!!!!

it is time to RIGHT THE WRONGS ... it is time to strip those who profited from all this corruption and immorality and greed ... it is time to strip away the tax savings handed to the rich ... it is time to nationalize BIG OIL and take back the ill-gotten gains from their top execs and their shareholders ... in short, it is time to undue the wrongs we've seen ... the bastards are lucky heads will not be guillotined away in the town squares ...

but again, that's not what this post is about ... what it IS about is the greatest obscenity we've seen under bush and the obvious need to set things as right as we can set them ... now that would make an interesting poll: bush's greatest obscenity ...

well, here's my candidate: almost 3,000 Americans have died in Iraq and another 20,000 or so have been severely wounded for nothing, absolutely nothing, but oil ... and lay on top of the graves of these dead Americans another 655,000 Iraqis or whatever number of needless deaths you care to believe ... the obscenity is NOT that so many have died ... the obscenity is that they died for greed and for oil and for Big Oil's obscene profits ... stop believing those who tell you it just wasn't so ... this war was, and is, all about oil ... you can go read those PNAC documents all you want to; maybe even some of their signers believed in the PNAC mission ... in the end, though, control in the Middle East was not motivated by the national interest of anti-terrorism or regional stability or, give me a break, spreading democracy ... does anyone actually believe the goal was spreading democracy after seeing what's been done to our own Constitution? shredding democracy maybe; but spreading democracy? ummmmmmm, no, let's get real ...

so, what are the REAL FACTS about all this oil business? ... is it just a bunch of lefty rhetoric? are there any facts? what exactly was and is being done to the Iraqis to steal their oil? the following article is very long ... it's impossible to do it justice with just a few excerpted paragraphs ... when it comes time to have a national dialog about taking back all the illegal booty that was stolen by the neocon imperialists, please refer back to this article so you can help spread the word ... the only way these crimes will ever be prosecuted is if the American people refuse to tolerate this type of corporate abuse ... if there's a new bi-partisan, feel good wind in Washington when the Dems go marching in, these oil thefts are going to continue ... unless every penny they took is taken back from them, and then they are punished with jail and fines and worse, they will wait for the very next opportunity to wage another war for oil knowing that crime does indeed pay ... let's make sure that does NOT happen ...


source: http://www.alternet.org/waroniraq/43045/

Iraq is sitting on a mother lode of some of the lightest, sweetest, most profitable crude oil on earth, and the rules that will determine who will control it and on what terms are about to be set. The Iraqi government faces a December deadline, imposed by the world's wealthiest countries, to complete its final Oil Law. Industry analysts expect that the result will be a radical departure from the laws governing the country's oil-rich neighbors, giving foreign multinationals a much higher rate of return than with other major oil producers, and locking in their control over what George Bush called Iraq's "patrimony" for decades, regardless of what kind of policies future elected governments might want to pursue. <skip>

But the execs from Big Oil didn't just want access to Iraq's oil; they wanted access on terms that would be inconceivable unless negotiated at the barrel of a gun. Specifically, they wanted an Iraqi government that would enter into Production Service Agreements (PSAs) for the extraction of Iraq's oil. PSAs, developed in the 1960s, are a tool of today's kinder, gentler neocolonialism; they allow countries to retain technical ownership over energy reserves but, in actuality, lock in multinationals' control and extremely high profit margins -- up to thirteen times oil companies' minimum target, according to an analysis by the British-based oil watchdog Platform. <skip>

Clearly, the idea was to pursue a radical corporatist agenda during the period of the Coalition Provisional Authority when the U.S. occupation forces were a de facto dictatorship. And that's just what happened; under L. Paul Bremer, the CPA head, corporate taxes were slashed, a flat-tax on income was established, rules allowing multinationals to pull all of their profits from the country and a series of other provisions were enacted. These were then integrated into the Iraqi Constitution and remain in effect today. <skip>

'This constitution (the Iraqi Constitution) was cooked up in an American kitchen not an Iraqi one.'

With a Constitution cooked up in DC, the stage was set for foreign multinationals to assume effective control of as much as 87 percent of Iraq's oil, according to projections by the Oil Ministry. If PSAs become the law of the land -- and there are other contractual arrangements that would allow private companies to invest in the sector without giving them the same degree of control or such usurious profits -- the war-torn country stands to lose up to $194 billion vitally important dollars in revenues on just the first 12 fields developed, according to a conservative estimate by Platform (the estimate assumes oil at $40 per barrel; at this writing it stands at more than $59). That's more than six times the country's annual budget.

To complete the rip-off, the occupying coalition would have to crush Iraqi resistance, make sure it had friendly people in the right places in Iraq's emerging elite and lock the new Iraqi government onto a path that would lead to the Big Four's desired outcome.

See part two tomorrow.
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Jack Rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-16-06 07:14 PM
Response to Original message
1. But it wasn't about oil
Edited on Mon Oct-16-06 07:14 PM by Jack Rabbit

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Imagevision Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-16-06 10:33 PM
Response to Original message
2. What happens if * loses the house and senate?
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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 09:10 AM
Response to Reply #2
3. that's the million dollar question
George McGovern says we should not only withdraw from Iraq but we should renounce all claims and void all contracts that would enable the US or its big oil corporations to have any claim on Iraqi oil ... it's not at all clear to me that Democrats, if they controlled the House and Senate, would support that ... few Democrats have really spelled out exactly where they stand on the US grabbing Iraqi oil ... Kerry's used the phrase "empire of oil" but i'm not all that clear he would bar "oil deals" that are being made under pressure and threats ...

in the near-term, all the PSA's (oil contracts) are supposed to be signed, sealed and delivered by the Iraqi government no later than this December ... that would give bush plenty of time to sign all the necessary treaties before Democrats had any real say ... so, my take is that if the Dems regain control, the great race to wrap things up will be on ... i wouldn't be a bit surprised if Maliki had an "accident" before the Dems took control next January ...

it's all speculation, of course ... that's my take on it though ...
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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 10:39 PM
Response to Original message
4. here's a link to part II of the article in the OP
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 10:41 PM
Response to Original message
5. I'll bet this was spelled out in Cheney's Energy Commission records.
They shopped the appeals until they found a nice, compliant, rightwing activist judge.
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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 10:56 PM
Response to Reply #5
6. don't be surprised if they assassinate Maliki after the midterms
you're dead on, AK! this absolutely had to be hidden from any public view ... the whole Iraq policy sits as Ground Zero for the great oil grab ... this one is the worst in all of history ... it took right-wing activist judges to help them bury the plot ...

my read is that Maliki has already been threatened with removal from office ... you've probably heard the rumors about the bush administration not being satisfied with him ... it's all about the remaining PSA's ... Maliki has until this December to sign them ... they would never take him out now ... if they did, holy hell would break loose over there before the elections in the US; they can't risk it; it's bad enough already ... this program is definitely on a post-election timetable ...

the bottom line is that the Iraqis are never going to accept BIG OIL's terms and even the US government can't force the deal ... we need to get the hell out of there now and terminate all foreign oil contracts ... it won't happen though ... this is going to get much, much, much uglier than it currently is ... call it oil; call it greed; call it imperialism; call it genocide ...

how can we let this happen?????
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 11:11 PM
Response to Reply #6
7. A good start would be discussing permanent bases - LOUD
I swear if by some miracle we take the election next month and our new Dem Congress goes along with this bullshit, anarchy must ensue. The Democrats better show me some daylight between them and the charlatans in office now.
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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-17-06 11:34 PM
Response to Reply #7
8. it just kills me ...
sheesh, AK ... am i ever singing that same song ...

friends of mine far to the left say to me: how can you still support Democrats???

i tell them the usual business about "the only viable alternative" and the whole PDA pitch about how we have to fight for control of the Dem Party because that's the only game in town ... but, as i've written here on DU many times, i truly just don't know whether the Dems have not stood in opposition because of political weakness or because they are, in the end, complicit in the great US empire ...

i'm voting a straight Dem ticket this fall ... i think the Dems are likely to take control of both the House and the Senate ... this is the first time i've said that on DU ... and when they do, then we'll know what they're made of ...

the cheerleaders have been telling me that i have to lay low until we regain control ... "it's not fair to judge the Dems when they have no real power" ... well, fine ... i'm in ... i'm gonna be one cranky SOB if we take back the Congress and bush's foreign agenda is not shut down by the Dems ... i can just hear the cheerleaders telling me that "we have to lay low until after '08" ... to hell with that ... we don't have that kind of time ... we're in a race for survival here and it's time to stop playing political hack games ... we need to lead this country out of the darkness ... if we do, we'll reap the political rewards for generations ... if we approach it back asswards, i.e. by playing politics and posturing, we may win an election or two but our victories will be unsustainable ... and the country could be destroyed while we bow our fiddles ...

so, AK, i'm looking for the same daylight you are ... good post!!
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-18-06 10:21 AM
Response to Original message
9. Mission Accomplished
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