More than five years after the invasion of Iraq — just in case you were still waiting, the oil giants finally hit the front page...
Last Thursday, the New York Times led with this headline: “Deals with Iraq Are Set to Bring Oil Giants Back.” (Subhead: “Rare No-bid Contracts, A Foothold for Western Companies Seeking Future Rewards.”) And who were these four giants? Exxon Mobil, Shell, the French company Total and BP (formerly British Petroleum). What these firms got were mere “service contracts” as in servicing Iraq’s oil fields not the sort of “production sharing agreements” that President Bush’s representatives in Baghdad once dreamed of, and that would have left them in charge of those fields. Still, it was clearly a start. The Times reporter, Andrew E. Kramer, added this little detail: “[The contracts] include a provision that could allow the companies to reap large profits at today’s prices: the [Iraqi oil] ministry and companies are negotiating payment in oil rather than cash.” And here’s the curious thing, exactly these four giants “lost their concessions in Iraq” back in 1972 when that country’s oil was nationalized. Hmmmm

I mean, remember when the mainstream media seconded the idea that Bush’s invasion, whatever it was about weapons of mass destruction or terrorism or liberation or democracy or bad dictators no matter, you could be sure of one thing: it wasn’t about oil. “Oil” wasn’t a word worth including in serious reporting on the invasion and its aftermath, not even after it turned out that American troops entering Baghdad guarded only the Oil and Interior Ministries,while the rest of the city was looted. Even then and ever after the idea that the Bush administration might have the slightest urge to control Iraqi oil (or the flow of Middle Eastern oil via a well- garrisoned Iraq) wasn’t worth spending a few paragraphs of valuable newsprint on.
After all, with global demand for energy on the rise, why would anybody want to invade, conquer, occupy, and garrison a country that, as Deputy Secretary of Defense Paul Wolfowitz once observed, “floats on a sea of oil”? And let’s be fair. At the time of the impending invasion, reasonable people couldn’t possibly have imagined that it had anything to do with oil, not while George W. Bush was politely ignoring the subject, except when referring obliquely to Iraq’s “patrimony” of “natural resources.” Forget that our President had an 11-year career in the energy business (and had been Arbustoed; or that his Vice President had been the CEO of a giant energy services corporation, Halliburton retiring during the presidential campaign of 2000 with a $34 million severance package. Hear the Vice President in a conference in 1999 “By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?” Where indeed? He then answered his own question: “While many regions of the world offer great oil opportunities, the Middle East, with two-thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies.”
After all, the only people who thought that oil might have something to do with the invasion of Iraq weren’t on the Times staff. They weren’t, in fact, in the mainstream at all. And, to put things into context, there were only somewhere between 11 million and 30 million of them marching around in the streets of cities and towns all over the planet before the invasion, carrying signs that said ludicrous, easily dismissible things like: “No Blood for Oil,” “How did USA’s oil get under Iraq’s sand?” and “Don’t trade lives for oil!”
Now, with a barrel of crude selling at more than quadruple its prewar price, more than double its price a mere year ago, the oil majors are finally moving in for the... well, let’s not say “kill,” let’s just say that tasty little sip of the oil patrimony.
Home











RSS








