After December 15, Iraq will be at mercy of US corporations

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What will happen after December 15? U.S. corporations will have a headlock on Iraq's economy, most importantly its oil reserves, even though we were led to believe that oil, as a primary motivation behind the invasion, was conspiratorial nonsense, as with all inquiries that Bush wishes to avoid and dismiss. As soon as the new Iraqi government provides the appearance of democratic legitimacy, major oil contracts known as Production Sharing Agreements (PSAs) between U.S. corporations and the newly minted, U.S.-friendly Iraqi government will be signed and sealed. Bush's ultimate invasion goal will be a fait accompli -- victory for the forces of privatization over an entire, towed-away nation.

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