Sunday, March 20, 2005

It's The Oil Stupid

According to Greg Palast in BBC News on Thursday March 17 the US had a secret plan for Iraq's oil once Sadaam had been conquered. It was a face off between neo-cons at the Pentagon, and a combo of big oil and the US State Department.

"Big Oil" apparently won. The latest plan, obtained by Newsnight from the US State Department was, they learned, drafted with the help of American oil industry consultants. Apparently there was going to be a coup to overthrow Hussein and insert someone else . . . the industry-favored plan was pushed aside fo a new plan to sell off Iraq's oil fields.

This fueled the insurgency . The insurgents mantra --"Look, you're losing your country, you're losing your resources to a bunch of wealthy billionaires who want to take you over and make your life miserable. They saw that privatization was coming and the bombing of oil facilities, pipelines, etc.

Philip Carroll ,former CEO of Shell Oil USA stalled the sell-off scheme and would have nothing to do with it while he was involved.

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