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Big Oil's Iraq Deals Are The Biggest Stick-up in History: Naomi Klein

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posted on Jul, 5 2008 @ 03:53 PM
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Big Oil's Iraq Deals Are The Biggest Stick-up in History: Naomi Klein


www.guardian.co.uk

Invading countries to seize their natural resources is illegal under the Geneva conventions. That means the huge task of rebuilding Iraq's infrastructure - including its oil infrastructure - is the financial responsibility of Iraq's invaders. They should be forced to pay reparations, just as Saddam Hussein's regime paid $9bn to Kuwait in reparations for its 1990 invasion. Instead, Iraq is being forced to sell 75% of its national patrimony to pay the bills for its own illegal invasion and occupation.

(visit the link for the full news article)




posted on Jul, 5 2008 @ 03:53 PM
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Indeed, this is the stick-up of modern history. But it is not solely relegated to Iraq (although this situation is absolutely sickening), but has now spilled over into domestic territory, with these greed-mongering villains bleeding this nation dry. The entire Oil industry are a combination of economic vampires, draining the monetary blood out of anything and everyone to squeeze out any extra profits, and a circling flock of buzzards, picking apart the last pieces of the carnage they've created.

Nauseating.


It started with no-bid service contracts announced for Exxon Mobil, Chevron, Shell, BP and Total (they have yet to be signed but are still on course). Paying multinationals for their technical expertise is not unusual in itself. What is odd is that such contracts almost invariably go to oil service companies - not to the oil majors, whose work is exploring, producing and owning carbon wealth. The contracts only make sense in the context of reports that the oil majors have insisted on the right of first refusal on subsequent contracts handed out to manage and produce Iraq's oilfields. In other words, other companies will be free to bid on those future contracts, but these companies will win.




www.guardian.co.uk
(visit the link for the full news article)



posted on Jul, 5 2008 @ 03:57 PM
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SHELL is not an American company. It is Venuzuelan.



posted on Jul, 5 2008 @ 04:12 PM
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reply to post by princeofpeace
 


Shell is Dutch. And owned by royalty.



posted on Jul, 5 2008 @ 04:24 PM
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The greatest crime of all in this current oil crisis is that little or no effort was put into pursuing alternative energy technologies decades ago. American reliance on foreign oil supplies in particular is most disappointing because as the world technology leader decades ago, America could have been the world's leader in alternative energy technologies today. The hold that foreign oil has on the U.S. economy is not necessarily the fault of the oil companies. It is more the fault of failure to pursue alternatives at a time when it could have made a difference.

[edit on 5-7-2008 by The_Alarmist2012]




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