Big Oil’s prize is America’s downfall

August 21, 2008 by siteadmin
Filed under: Oil 

It’s getting harder and harder to remain deluded. With each day comes new facts to drag our heads out of the sand.

Two weeks ago, The New York Times reported that four Western oil giants were on the verge of signing no-bid contracts that would return them to Iraq, the third-most bountiful petroleum playground on the planet. It was the kind of news that big oil lives for.

Giddy executives singing “Oh Happy Day” could be heard in the corporate offices of Exxon Mobil, Shell, Total and BP, which had been shut out of Iraq for three and a half decades.

We also learned this week that a group of American advisers, led by a team from the State Department, played a key role in drawing up the contracts between the companies and the Iraqi government. Chevron and several smaller oil companies also got contracts.

Full Story

Tags:

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

(November 2, 2010)

VOTE STRAIGHT DEMOCRAT Julie Hamos 10th Vote For QUINN