Big Oil
The war has kept Iraq's oil production at 2.1 million barrels a day, which is down from the prewar, pre-embargo production of over 4 million barrels. The war has caused a supply squeeze, which is fine with Big Oil. Oil is now $57 a barrel as opposed to the $ 20 a barrel price under Clinton.
Since the invasion of Iraq, Halliburton stock has tripled to $64 a share, and not, because of those Iraq reconstruction contracts. Cheney's former company has captured a big hunk of the rise in oil prices by jacking up the charges for Halliburton drilling and piping equipment.
In 2005, after a two-year battle with the State and Defense Departments, BBC Newsnight was able to get a report entitled the “Options for a Sustainable Iraqi Oil Industry” released. Despite the State Department seal on the cover, our government didn’t write the report. The plan was drafted in Houston by oil industry executives and consultants.
We invaded Iraq to gain control of Iraq’s crude oil distribution for Big Oil. Documents and secret recordings of those in on the scheme, made it clear that the Bush regime wanted to make certain Americans didn’t get cheaper oil, by keeping a lid on Iraq's oil production.
The plan called for cutting Iraq's oil production and jacking up prices, by keeping Iraq an obedient member of the OPEC cartel and limiting oil-production. Thereby, boosting the price of oil.
The Houston plan is enforced by our military occupation and taxpayer funded mercenaries. The oil law adopted by Iraq's government last month is virtually a photocopy of the "Options" plan first conceived in Houston before the war.
The war has gone exactly as planned in Houston. Exxon-Mobil reported a record $10 billion profit last quarter, the largest of any corporation in history. Mission Accomplished.
Since the invasion of Iraq, Halliburton stock has tripled to $64 a share, and not, because of those Iraq reconstruction contracts. Cheney's former company has captured a big hunk of the rise in oil prices by jacking up the charges for Halliburton drilling and piping equipment.
In 2005, after a two-year battle with the State and Defense Departments, BBC Newsnight was able to get a report entitled the “Options for a Sustainable Iraqi Oil Industry” released. Despite the State Department seal on the cover, our government didn’t write the report. The plan was drafted in Houston by oil industry executives and consultants.
We invaded Iraq to gain control of Iraq’s crude oil distribution for Big Oil. Documents and secret recordings of those in on the scheme, made it clear that the Bush regime wanted to make certain Americans didn’t get cheaper oil, by keeping a lid on Iraq's oil production.
The plan called for cutting Iraq's oil production and jacking up prices, by keeping Iraq an obedient member of the OPEC cartel and limiting oil-production. Thereby, boosting the price of oil.
The Houston plan is enforced by our military occupation and taxpayer funded mercenaries. The oil law adopted by Iraq's government last month is virtually a photocopy of the "Options" plan first conceived in Houston before the war.
The war has gone exactly as planned in Houston. Exxon-Mobil reported a record $10 billion profit last quarter, the largest of any corporation in history. Mission Accomplished.
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