U.S.-tailored Iraqi Oil Alarm for Producers, Consumers

by Nicola Nasser

Global Research, January 22, 2007

"While the Iraqis were busy counting their death toll of more than 650,000 since March 2003, the United Nations busy counting their dead of more than 34,000 in 2006 only, the Pentagon counting more than 3,070 American deaths and the U.S. treasury counting more than $600 billion of taxpayer money spent so far in Iraq , stealthily and suddenly the U.S. occupation’s oil prize rang louder than the war drums to alert the regional oil producers as well as the major world consumers to guard against the looming threat coming out of Iraq.

After listening to the monotonous and incredible U.S. lies for four years about “we are not there for Iraq 's oil,” the oil truth is now unfolding. Without a decisive military victory, the U.S. occupation of Iraq seems to be about to grab its oil prize by establishing a new sharing arrangement between a major national producer and the multi-national giants, an arrangement that Washington plans to set as the model to be followed both by the oil-rich region and the world at large.

This prize has been the dream of the successive U.S. administrations; on January 18, it came one step closer to reality when Iraq 's Oil Committee approved the new draft hydrocarbon law, sent it to the cabinet within a week and, when approved, will go to the parliament immediately thereafter.

The early draft of the law was prepared by BearingPoint American consultants, hired by the Bush administration, and sent to the White House and major western petroleum corporations in July, and then to the International Monetary Fund two months later, while most Iraqi legislators and public remained in the dark....."

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