This video from the USA is called Hightower Download: Why We’re in Iraq.
From Najad Abdi in Australia:
Iraq: the (black) gold rush
Four years ago, I walked through Melbourne’s CBD holding a placard that read: “No blood for oil”.
I was an idealistic university student, intent on letting my government know that it’s not okay to launch an invasion in pursuit of so-called “black gold” in a country that was no threat to mine.
Half-a-million deaths later, that black gold will soon be flowing quickly.
The Iraqi government has recently leaked the latest draft of its Iraqi Oil and Gas (Hydrocarbon) Law, set to be passed by the Iraqi parliament in July.
A previous draft was approved by Prime Minister Nuri al Maliki’s cabinet in February.
The law, if passed, will take the majority of Iraq’s oil reserves out of the hands of the Iraqi government and open them to international oil companies for a generation or more, which is just as big business wants it.
As far back as March 2001, US Vice-President Dick Cheney’s National Energy Policy Development Group, which included executives of the US’s largest companies, recommended that the US government support initiatives by Middle Eastern countries “to open up areas of their energy sectors to foreign investment”.
An invasion and a lot of political engineering by the Bush administration later, this is exactly what the proposed hydrocarbon law will achieve.
But it can be argued that it does so to the exclusive benefit of the oil companies and to the great detriment of Iraq’s economy, democracy and sovereignty.
What sets this law apart from other oil laws in the Gulf Co-operation Council is that international oil companies can now be offered some of the most corporate-friendly contracts in the world, including what are known as “production sharing agreements” (PSAs).
Update 5 May 2007: here.