Conspiracy theorists have often claimed the war on Iraq was all about oil. Of course, they did say the same thing about Afghanistan too and it really happen the way they predicted it, but I don't think that will stop anyone from retracting anything. It always amazed me how much the theories relied on "future predictions" instead of past performances. We don't yet know what is going to happen to happen in the future, so let's see the staus of Iraqi oil right now - and lo and behold, the biggest benefactor of Saddam's oil has been....a French company! I wonder if that had anything to do with Chirac's bluster about vetoing any resolution put forward by US and UK. Another interesting tidbit - "Total's biggest shareholder is Montreal's Paul Desmarais, whose youngest son is married to Prime Minister Jean Chrétien's daughter." (via Damian Penny). Why is the anti-war side so silent about these doings but crying itself hoarse over stuff that the Bush Government might do? Interesting ain't it?
Iraqi liberation will unleash untapped wealth
(link via Command Post)
Iraq's wealth potential is so massive that the France, China and Russia obviously became willing to sabotage the United Nations Security Council in order to exploit Iraq's oil resources.Posted by shanti at April 12, 2003 9:13 AMBy 2001, oil companies in those three countries had signed deals with Hussein, pledging to spend up to US$38-billion in exploration, improvements and expansions to bring production up to at least five million barrels a day.
Most lucrative of all, and least surprisingly, was the deal between Hussein and France's largest corporation, TotalFinaElf, to exploit the country's largest oil field on the Iranian border north of Basra.
"TotalFinaElf reportedly has signed a deal [in 2001] with Iraq on development rights for Majnoon [the oilfield]," said the U.S. report. "Future development of Majnoon could ultimately lead to production of 450,000 barrels per day in two years for US$4-billion and could eventually produce about one million barrels per day."
At current prices that would mean TotalFinaElf's US$4-billion would be earned back in a mere 11 months.
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Ever heard of the saying “to the victor goes the spoils?”
Of course those whose who liberated Iraq are going to benefit. Even the Cruasades was about getting as much booty as possible.
Anyway, France, China, Germany, and Russia were willing to make money on the dead bodies of Iraqis, so why not the United States?
Posted by: Niraj at April 12, 2003 5:39 PM
True, Niraj - at least whatever money that the US may make is from “free Iraqis”.
Posted by: Shanti at April 12, 2003 6:23 PM
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