Iraq Oil

Iraq is second most corrupt country in the world
U.S. reports cite widespread corruption in the Iraqi government and a lack of commitment to anti-corruption efforts. A 2006 survey by Transparency International ranked Iraq’s government as the second most corrupt government in the world.
—Government Accountability Office, Jan. 2007. GAO-07-308SP.

We are in Iraq for the Oil
American forces ... are in Iraq ... as an expression of the American national interest to prevent the Iranian[s] ... from dominating a region on which the energy supplies of the industrial democracies depend. —Henry Kissinger, Jan 19, 2007.

Iraqi law to give ExxonMobile & BP 30-year oil surge

Drafted with the assistance of BearingPoint, an American consulting firm hired by the US government, it will give major oil companies 75% of profits till the investment is paid for and 20% (double the normal rate) after that. A draft went to the US government and major oil companies in July. American and British troops will need to stabilize Iraq before major investments can begin, and probably for a decade after. More

"So where is the oil going to come from? ... The Middle East, with two-thirds of the world's oil and the lowest cost, is still where the prize ultimately lies,"
—Dick Cheney, 1999, while still CEO of the oil services company, Halliburton.


	For the next few decades, Iraq is our oil station in the Middle East. Feb. 2004 U.S. General Jay Garner "Look back on the Philippines around the turn of the 20th century: they were a coaling station for the navy, and that allowed us to keep a great presence in the Pacific. That's what Iraq is for the next few decades: our coaling station that gives us great presence in the Middle East" (more)

http://zfacts.com/p/719.html | 01/18/12 07:17 GMT
Modified: Mon, 22 Jan 2007 23:16:52 GMT