Oil for Sale: Iraq Study Group Recommends Privatization

Antonia Juhasz, AlterNet

In its heavily anticipated report released on Wednesday, the Iraq Study Group made at least four truly radical proposals. The report calls for the United States to assist in privatizing Iraq's national oil industry, opening Iraq to private foreign oil and energy companies, providing direct technical assistance for the "drafting" of a new national oil law for Iraq, and assuring that all of Iraq's oil revenues accrue to the central government. President Bush hired an employee from the U.S. consultancy firm Bearing Point Inc. over a year ago to advise the Iraq Oil Ministry on the drafting and passage of a new national oil law...

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That Iraq Report? A classic bullshit-cloud in the proud tradition of congressional "studies"

Matt Taibbi

...The Baker-Hamilton report is being praised for its cautious, sensible, bipartisan approach to the Iraq problem (Time magazine even called it "genius") but actually all it is a tacit recognition of this pass-the-buck dynamic in Washington. Because there is currently no way to even think about ending the actual problem without someone in Washington having to eat a very big bucket of shit, both sides have agreed, in the spirit of so-called bipartisan cooperation, to avoid thinking about ending the problem in the immediate future. Instead, the official policy in the meantime, bet on it, will end up being some version of a three-pronged strategy that involves 1) staying the course or even increasing the amount of troops temporarily 2) seeing what happens in '08, and 3) revisiting the issue after we see who wins the White House two years from now. Baker-Hamilton wasn't about finding solutions to the Iraq problem. It was about finding viable political solutions to the Iraq problem....

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