EU-DIGEST

Big Oil's 'secret' out of Iraq's closet - by Pepe Escobar

It is not about the "war on terror". It is not about weapons of mass destruction. It is not about "freedom and democracy to the Iraqi people", or to the "Afghan people". It is not about "Islamofascism". It is not about a Pentagon-coined "arc of instability" from the Middle East to Central Asia. New evidence shows once again both George W Bush administration wars - in Afghanistan and Iraq - above all are about oil and gas. But now the US and European Big Oil majors that controlled the Iraqi oil industry up to the 1972 nationalization - today represented by Exxon Mobil, Shell, BP, Total and Chevron - seem to be back with a vengeance. Thus the New York Times, for instance, can redeem itself from printing Ahmad Chalabi-fed weapons-of-mass-destruction nonsense on its front page for months and actually engage in news that's fit to print. This past Monday, the paper reported that "a group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq".

It ain't over till the fat (oil) lady sings. But if the Bush administration "vision" of a perpetual Iraqi puppet regime, with its oil wealth confiscated and under the imperial boot, takes hold, alongside the Taliban having a long pipeline to play with in Afghanistan, the least one can expect is a lot more blood on the tracks.

Labels: Iraq, Oil Industry, Oil Prices