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OpEdNews Op Eds    H2'ed 6/21/14

Iraqi hydrocarbon prize of U.S. invasion in danger

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Excluding "boots on the ground" and leaving combat missions to local and regional "partners," President Barak Obama and his administration say the United States keeps "all options on the table" to respond militarily to the terrorists' threat to "American interests" in Iraq, which are now in "danger."

Similarly, former UK Prime Minister, Tony Blair, on TV screens and in print has recently urged western governments to "put aside the differences of the past and act now" and to intervene militarily in Iraq "to save the future" because "we do have interests in this."

Both men refrained from indicating what are exactly the "American" and "western" interests in Iraq that need military intervention to defend, but the major prize of their invasion of Iraq in 2003 was the country's hydrocarbon assets. There lies their "interests.

On June 13 however, Obama hinted to a possible major "disruption" in Iraqi oil output and urged "other producers in the Gulf" to be "able to pick up the slack."

The United States has already moved the aircraft carrier USS George H.W. Bush, escorted by the guided-missile cruiser USS Philippine Sea and the guided-missile destroyer USS Truxtun, from the northern Arabian Sea into the Arabian Gulf (Persian according to Iran) "to protect American lives, citizens and interests in Iraq," according to Rear Admiral John Kirby, the Pentagon spokesman, on June 14. Media is reporting that U.S. intelligence units and air reconnaissance are already operating in Iraq.

The unfolding collapse of the U.S. proxy government in Baghdad has cut short a process of legalizing the de-nationalization of the hydrocarbon industry in Iraq, which became within reach with the latest electoral victory of the Iraqi prime minister since 2006, Noori al-Maliki.

Anti-American armed resistance to the U.S. proxy ruling regime in Baghdad, especially the Baath-led backbone, is on record as seeking to return to the status quo ante with regard to the country's strategic hydrocarbon assets, i.e. nationalization.

De-nationalization and privatization of the Iraqi oil and gas industry began with the U.S.-led invasion of the country in 2003. Al-Maliki for eight years could not pass a hydrocarbons law through the parliament. Popular opposition and a political system based on sectarian distribution of power and "federal" distribution of oil revenues blocked its adoption. Ruling by political majority instead by sectarian consensus was al-Maliki's declared hope to enact the law.

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*Nicola Nasser is a veteran Arab journalist in Kuwait, Jordan, UAE and Palestine. He is based in Ramallah, West Bank of the Israeli-occupied Palestinian territories.
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