Wednesday, February 02, 2005

Now, check this out...

On Dec. 22, 2004, Iraqi Finance Minister Abdel Mahdi told a handful of reporters and industry insiders at the National Press Club in Washington, D.C. that Iraq wants to issue a new oil law that would open Iraq's national oil company to private foreign investment. As Mahdi explained: "So I think this is very promising to the American investors and to American enterprise, certainly to oil companies."

In other words, Mahdi is proposing to privatize Iraq's oil and put it into American corporate hands.

According to the finance minister, foreigners would gain access both to "downstream" and "maybe even upstream" oil investment. This means foreigners can sell Iraqi oil and own it under the ground — the very thing for which many argue the U.S. went to war in the first place.

As Vice President Dick Cheney's Defense Policy Guidance report explained back in 1992, "Our overall objective is to remain the predominant outside power in the [Middle East] region and preserve U.S. and Western access to the region's oil."

While few in the American media other than Emad Mckay of Inter Press Service reported on — or even attended — Mahdi’s press conference, the announcement was made with U.S. Undersecretary of State Alan Larson at Mahdi's side. It was intended to send a message — but to whom?

It turns out that Abdel Mahdi is running in the Jan. 30 elections on the ticket of the Supreme Council for the Islamic Revolution (SCIR), the leading Shiite political party.
  article

[Ed: emphasis added]

So, that should answer the question about whether Washington is willing to accept an Islamic Shi'a majority in Iraq. Who cares about religious edicts? Freedom? We get the oil.

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