Wall Street drools over prospect of capturing Iraq oil wealth

Patrick Martin, WSWS

The Iraqi cabinet’s adoption last week of a law creating the legal framework for turning over the country’s oil wealth to American corporations has touched off a chorus of salutes from the Bush administration, congressional Democrats and the corporate-controlled American media. Perhaps the crassest expression of money-grubbing glee came in the Wall Street Journal, which published an article March 4 celebrating the unlocking of untold riches, including "dozens of untouched oil fields loaded with proven reserves and scores of exploration blocks that may prove a magnet to international oil companies."...

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