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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: quehubo who wrote (110886)8/11/2003 9:40:37 AM
From: Rascal  Read Replies (3) | Respond to of 281500
 
Hello Mr. Q,
I have been impressed your knowledge of the oil market. Based on these Foreign Policy Decisions how should investment decisions be impacted?

Executive Order 13303 states categorically that "any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void," with respect to the Development Fund for Iraq and "all Iraqi petroleum and petroleum products, and interests therein."

If ExxonMobil ChevronTexaco remove Iraqi oil, they will be immune from legal proceedings in the U.S.. Anything goes wrong where U.S. corporate oil operations are in play and they will be immune to any legal judgment. An oil tanker accident; an explosion at an oil refinery; pipelines destroyed, etc., "the President, with a stroke of the pen, signed away the rights of Saddam's victims, creditors and of the next true Iraqi government to be compensated through legal action. Bush's order unilaterally declares Iraqi oil to be the unassailable province of U.S. corporations. (Ibid.) In their closing argument the two authors make their point as well as I could ever have done:

In the short term, through the Development Fund and the Export-Import Bank programs, the Iraqi peoples' oil will finance U.S. corporate entrees into Iraq. In the long term, Executive Order 13303 protects anything those corporations do to seize control of Iraq's oil, from the point of production to the gas pump - and places oil companies above the rule of law.


sftt.org.

Rascal @AndOilProfitsHaveBeenGreat.com



To: quehubo who wrote (110886)8/11/2003 3:44:39 PM
From: greenspirit  Read Replies (1) | Respond to of 281500
 
Q, I've appreciated reading your thoughtful reasoned responses.

I echo much of what you have said regarding how this war will be viewed as the years progress. Just as Croatia and Slovenia are progressing wonderfully today, so will it be for Iraq.

The enlightened intellectual Euro-centric French crowd should keep an eye on places like Corrsica, and quit worrying about importing things happening in the middle east. The adults are dealing with that situation.
washingtontimes.com

I also agree with what Hawkmoon said about the military and would like to add, if every reporter for the N.Y. Times or Washington Post wrote down every complaint coming from a soldier, sailor or airmen, the paper would be left with nothing else to write about. Military people are doing all kinds of nasty jobs around the world, so they complain about them. It's a hallmark of America's great republic that military personnel feel free to complain openly about the organization.

Sometimes I wonder if reporters, who express surprise about complaints from soldiers in Iraq, have ever listened to their colleagues around the water cooler.