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...And by the way, It was about Oil
By Mick Youther (about the author) Page 2 of 2 page(s)
"The Iraqi national interest is surrendered in this law which allows foreign companies investment terms that exploit Iraq's oil wealth. They benefit the foreign investors more than they benefit Iraqi workers, through long term oil contracts that negatively impact Iraq's sovereignty and national independence." --Adnan Saffar, Executive Committee of the General Federation of Iraqi Workers, quoted on Mother Jones blog, 01/08/07
In Iraq's case, Production Service Agreements (PSAs) are nothing more than a license to steal. PSAs are normally only used in countries where oil production costs are high and exploration prospects are risky--not in countries like Iraq with proven oil fields and low extraction costs. None of Iraq's oil-rich neighbors allows PSAs. The Bush Administration's relentless pressure on Iraq to pass an Oil Law that encourages Production Service Agreements is like the schoolyard bully slamming you up against a wall and taking your lunch money.
Production Service Agreements are wrong for Iraq, but they may offer the best explanation of Bush's otherwise unexplainable "surge". This is not about winning the war. The war is lost. Mr. Bush's surge is no more than a desperate attempt to prop up the Maliki government long enough to pass the Oil Law, so Big Oil can start taking control of Iraqi oil through Production Service Agreements .
So, what do you think? Do you believe Iraqi oil is worth sacrificing 3103 Americans (and counting), wasting hundreds of billions of dollars (and counting), and over-extending our military and to the point that it endangers our national security? I don't think so. We do not need Iraq's oil. Even if we did, does that give us the right to steal it?
"Half of the oil the US consumes is produced domestically. Of the remaining half, the bulk, 80 percent, comes from two neighbors, Canada and Mexico. ...Only a small fraction comes from the Middle East, and most of that, from Saudi Arabia." -- Stephen Gowans, uruknet.info, 3/14/06
More than two thousand years ago, the Greek Philosopher Socrates said, "All wars are fought for money"; and the war on Iraq War is no different. It is all about the money. Americans are fighting and dying and we are mortgaging our grandchildren's futures--so Big Oil can seize control of Iraq's oil and increase their bottom line.
"Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company - $39.5 billion ...The 2006 profit topped Exxon Mobil's own previous record of $36.13 billion set in 2005." --AP, 2/1/07
That is $4.5 million profit for every hour of the year--but that is not enough. They want Iraq's oil too.
It is time for the American people to say enough. Enough people have died. Enough money wasted. Enough is enough.
It is time to stop the war and bring our troops home. Please call your Senators and Representative (800-614-2803 or 866-340-9281) today and let them know that you have had enough.
No more blood for oil (profits)! 
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