The problem with the Iraqi Oils is more complicated than just having somebody pumping oil.
One of the problems that the Bush administration is facing with the Iraqi oil and their government is . . . that the requested privatization of it has
been denied so far.
This doesn’t mean that American oil barons headed by Cheney’s Energy Task Force are not doing anything they can to get lobbyist of Iraqi born to
influence the government into the privatization of the oil industry.
The big Barons backed by our government are holding the money for the reconstruction of the oil fields until they are given the sole rights to the
Just because we do not heard much about the Iraqi oil it means that is not a big struggle going on.
US will need 4 billion dollars to restore oil production and 25 billions to help Iraq overall so the only way Iraq will get their oil pre war state it
will be with the help of US oil barons but they will only invest with rights to the oil.
Big oil corporations want from Iraq the following.
1. Rights to oil reserves.
2. The chance to make large profits
3. They want tax and regulations in their favors.
For more information on what is in the planning for Iraq oil this link will help.
The oil companies seeking to develop in Iraq but no for the Iraqi people’s benefits are called ITIC, they are a corporate lobby group working to
influence the Iraqi government.
Shell, BP, ConocoPhillips, Exxon and Chevron Texaco are part of the board of Directors.
Now with such a bright future for the Iraqi oil and what it means for the population now you understand why so many disruptions of the oil fields and
pipes in Iraq are.
The people know what is planned and what they will be losing with their oil take over.