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Editorial
See other Editorial Articles

Title: No Blood for No Oil (OR Read It and Puke)
Source: http://www.huffingtonpost.com/marty-kaplan/no-blood-for-no-o
URL Source: http://www.huffingtonpost.com/marty ... -blood-for-no-oil_b_70139.html
Published: Oct 28, 2007
Author: Marty Kaplan
Post Date: 2007-10-29 08:08:39 by angle
Keywords: None
Views: 132
Comments: 8

Excerpt:

...the tightness in oil inventories (which freemarketeers invoke to 'splain the spike in oil prices whenever Cheney growls) isn't some Natural Law we have to just live with, but rather the result of a conscious policy by oil companies to suppress supply, reap unprecedented profits, and miserably fail, by the way, to reinvest those bazillions into increased refining capacity.

The other is by Jack Miles, the Pultizer Prize-winning author of God: A Biography, who wrote a tremendously illuminating and deeply depressing piece on TomDispatch.com called "Endgame for Iraq Oil?" The Great Game that Bush and Cheney have really been playing all along in Iraq -- making war not for WMDs, or for Regime Change, or for Freedom Dominoes, or for Israel, but rather for "access to the world's third-largest proven oil reserves, 200 to 300 million barrels of light crude worth as much as $30 trillion" -- may soon be lost. If the Iraqi government makes good on its intention, by December 31, 2008, as stated by Foreign Minister Hoshyar Zebari, to replace the existing UN Security Council multinational security force mandate with a conventional bilateral security agreement with the US, then "the oil game will be up." With no multinational mandate, Iraq -- or its parts -- will be free to cut oil exploration deals with anyone it wants. Why, for example, wouldn't "a new, Iran-allied, oil-rich, nine-province Shiite Iraq" cut a deal "with ready-and-willing China? Will any combination of American military and diplomatic pressure suffice to stop such an untoward outcome?"

So the ultimate irony in Iraq, on top of the ultimate tragedy in Iraq, may turn out to be, as Jack Miles puts it, this: "Blood for oil may never have been a good deal, but so much blood for no oil at all may seem a far worse one."

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#1. To: angle (#0)

a conscious policy by oil companies to suppress supply, reap unprecedented profits, and miserably fail, by the way, to reinvest those bazillions into increased refining capacity.

Exxon asks high court to void Valdez spill damages
The reduced $2.5 billion award amounts to barely more than three weeks of Exxon's current net profits

Ron Paul for President - Join a Ron Paul Meetup group today!

robin  posted on  2007-10-29   11:47:32 ET  Reply   Trace   Private Reply  


#2. To: robin (#1)

Gov't tactics: Dissent = Kill someone ala Wellstone or Gillmor and the rest of the corrupt go along.

Citizen Tactics: Watch tv and post on blogs. The truly fervored participate in protests.

angle  posted on  2007-10-29   12:07:07 ET  Reply   Trace   Private Reply  


#3. To: angle (#2)

Who's Gillmor?

Ron Paul for President - Join a Ron Paul Meetup group today!

robin  posted on  2007-10-29   12:11:24 ET  Reply   Trace   Private Reply  


#4. To: robin (#3)

Who's Gillmor?

Congressman Paul Gillmor, R - OH

Die hard Bush supporter. Publicly stated he favored troop withdrawal, was found dead within the week. (About 6 weeks ago.)

angle  posted on  2007-10-29   13:06:57 ET  Reply   Trace   Private Reply  


#5. To: robin (#1)

Exxon asks high court to void Valdez spill damages The reduced $2.5 billion award amounts to barely more than three weeks of Exxon's current net profits

Odds that the nine senile old people will vote for EXXON.

The Court like the Legislative branch has become irrelevant.

Cynicom  posted on  2007-10-29   13:10:43 ET  Reply   Trace   Private Reply  


#6. To: Cynicom (#5)

Acting lessons, you reckon?

angle  posted on  2007-10-29   13:17:17 ET  (1 image) Reply   Trace   Private Reply  


#7. To: angle (#4)

Thanks.

Ron Paul for President - Join a Ron Paul Meetup group today!

robin  posted on  2007-10-29   13:55:09 ET  Reply   Trace   Private Reply  


#8. To: Cynicom (#5)

The Court like the Legislative branch has become irrelevant.

Painfully obvious. I wonder what kinds of blackmail have been used.

Ron Paul for President - Join a Ron Paul Meetup group today!

robin  posted on  2007-10-29   13:56:16 ET  Reply   Trace   Private Reply  


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