Wednesday, May 28, 2014

Iraq: the Biggest Petroleum Heist in History? | The Smirking Chimp

“Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq’s oil market. But thanks to the invasion and occupation, the companies are now back inside Iraq and producing oil there for the first time since being forced out of the country in 1973.”
— Antonia Juhasz, oil industry analyst, Al Jazeera.

These are the ‘best of times’ for the oil giants in Iraq. Production is up, profits are soaring, and big oil is rolling in dough. Here’s the story from the Wall Street Journal:

“Iraq’s oil production surged to its highest level in over 30 years last month, surprising skeptics of the country’s efforts to restore its oil industry after decades of war and neglect.” (Wall Street Journal)

Mission accomplished?

You bet. But for those who still cling to the idea that the US was serious about promoting democracy or removing a vicious dictator or eliminating WMD or any of the other kooky excuses, consider what we’ve learned in the last couple weeks. Here’s the story from Aljazeera:

“While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain.

Complete story at - Iraq: the Biggest Petroleum Heist in History? | The Smirking Chimp

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If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

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