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To: Oeconomicus who wrote (155963)4/16/2003 5:55:39 PM
From: Bill Harmond  Read Replies (1) of 164684
 
There is a US policy precedent I was unaware of:

How will Iraq's oil complicate these efforts to bring stability? The U.S. government has worked hard to make the case that this war was not about oil. Now, really for the first time, we are going to see the U.S. having a much greater hand in the oil operations of the Arab world.

Yes, it's true. I think it comes down to this: If you see it to be the case that the United States is making a bid to control the oil and to operate it, especially for its own interests, then we have got a problem. A big problem, particularly to the Arabs. A way out of that is a way that has already been indicated by Secretary of State [Colin] Powell, which is clearly required by international law as it applies to occupied territory, and that is that natural resources such as oil have to be treated on a trustee-like basis, on behalf of the inhabitants.

The United States in the past has asserted that view very strongly -- for instance, in oil exploration in areas controlled by Israel. There was a question of oil prospecting in the Red Sea, when Israel controlled the Sinai Desert. The U.S. exposition of the policy at that time was that the oil belonged to the people of the state, and the exploitation of that oil would be wrong.


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