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Tuesday, March 20, 2007

Finally, desire unmasked

People's Daily Online

On the fourth anniversary of the start of the Iraq war, the draft of a new petroleum law, partly formulated by the US government, was pulled through the Iraqi cabinet and is now waiting for parliament's approval. According to the draft, 65 of the 80 known oilfields in Iraq will be tapped by foreign oil companies; Iraq will sign product distribution agreements with those companies for a term between 15 and 35 years. Foreign companies get a return of 75 percent at the initial stages. There is little coverage of the new petroleum law in Western mainstream media or the Iraqi media (...)In his book, 'Confessions of an Economic Hit Man', John Perkins, an American, wrote that because Saddam had refused to accept the rules of the game, the 'economic hit man' was beaten in Iraq. Consequently, young American soldiers are killing and being killed in the deserts of Iraq...

continua / continued

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