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This page > | Iraqi Oil Law | Oil, U.S. Foreign Policy and The Iraq War |
"I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." -- Alan Greenspan, former Federal Reserve chairman, in his book, Age of Turbulence, September 2007 "Of course it's about oil, we can't really deny that..." -- General John Abizaid, former CENTCOM Commander, in a panel discussion at Stanford, 15 October 2007 Yes, we can't deny that. Prior to the invasion of Afghanistan, relations with the Taliban had soured when they backed away from a deal for a petro pipeline from Uzbekistan through Afghanistan. Prior to the invasion of Iraq, the Iraqi oil industry was a nationalized industry with none of the profits accruing to outside corporations, and Saddam Hussein had switched to selling oil in euros instead of the universally-used dollar. In the aftermath of the invasion of Iraq, U.S. forces protected only one Iraqi national institution from looting -- the oil ministry. Oil has for many decades been one of the two large issues driving U.S. policy on the Middle East. The news and analysis articles on this page deal with the U.S.-backed attempt to have Iraq pass an "oil law" that would open the door to foreign oil companies, and the broader role of oil in U.S. foreign policy. |
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This page > | Iraqi Oil Law | Oil, U.S. Foreign Policy and The Iraq War |
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