22 November 2005
Iraq's oil up for grabs
According to a report in today's Independent, Iraq could lose over one hundred billion pounds' worth of oil reserves, if an American plan comes to fruition next year. It seems that the regime that the Americans have installed came under pressure from Washington and London to allow western companies to have a slice of the pie.
I must be honest and say that this bit of the report strikes me as rather silly: you don't pressure puppets. You just give them their orders. They know what will happen to them if they don't toe the line.
Other than that it seems like a classical imperialist grab for resources. Something that we on the left knew was going to happen all along. Only the toy-town leftists ever though that it would be any different.