posted on May, 19 2004 @ 10:52 AM
One thing that makes this entire discussion moot is how the recent Oil-for-Food scandals were perpetrated.
Pardon me if I make a few errors in the specifics, but the general idea is correct. When I get a chance, I will add a link to an article with this
info in it.
Essentially, what Sadaam would do is this...
He was allowed by the UN to set his own prices and choose his own middlemen when selling his oil. He would contract with sympathetic (or greedy)
middlemen and sell his oil to them at bargain-basement prices. They would pay into a UN account, which the UN would then use to purchase food,
Meanwhile, the middleman would then sell the oil at a much higher price than he paid for it, and kickback a percentage directly to Sadaam. To keep the
wheels greased, he would provide sales vouchers to various high-ranking individuals (those folks whose names were on the notoriuous list found
recently in Iraq).
Washington Times article
Most disturbing are Iraqi records that suggest Benon Sevan, the executive director of the Oil for Food office, received a voucher for 11.5 million
barrels of oil from Saddam's manipulation of the program — enough to yield a profit of between $575,000 and $3.5 million.
With such a great setup already in place (one that profited himi in the 10's of billions of dollars), why would he bother with such a complicated and
slow process as trying to defraud shipping monitors, sea captains, port authorities, etc.?
I doubt he would.
Oil fraud? Absolutely! Via the shipping industry? I doubt it.
I guess we may know for certain one day.
Here is another article that explains the way he did it a bit better.
And hey kids, don't try this at home.