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December 04, 2004
Connect the Dots
The revelations about Iraqi oil smuggling and Iraq's embezzlement from the "Oil-for-Food" program show us who's responsible for the deaths of American GI's in Iraq. The "Oil-for-Food" program is the latest rage for the right wing fair and balanced press because it allows them to savage their favorite whipping boy, the UN. However, let's not forget that Saddam's largest income was from oil smuggling, not the sales under UN auspices. While there has been an almost complete absence of business ethics [Is that an oxymoron? - Ed.] in this • In order to pump oil to smuggle or sell, Saddam needed parts for the Iraqi oil infrastructure. Despite US laws forbidding trade with Iraq, Halliburton, under the leadership of war profiteer extraordinaire Dick Cheney, smelled good money. So, Halliburton created an offshore subsidiary to trade with Iraq. Halliburton then sold parts to the subsidiary which sold them to Saddam.
• Meanwhile, in typical hypocritical fashion, Bush talks tough on defeating terrorism and tracking down the financiers of terrorist groups, but actually reduces the penalties for those companies trading with the "Axis of Evil". What else could he do when he is elected along with Tricky Dick Cheney, the man who put the vice into the vice-president. It bears repeating that, like Kofi Annan's son, Cheney continues to receive deferred payments from Halliburton, spoils of his blood trade, even as he cashes checks made out by the American people. In the spirit of forgiveness, the administration has alllowed thes same companies to receive contracts in Iraq and to sell "post-liberation" oil. I guess they were born again. • Smuggled oil and oil sold under the UN "Oil-for-Food" program is transferred to buyers who will agree to pay bribes and kickbacks. 40% of the oil sold by Iraq was bought by American oil companies. Those who paid "surcharges" and bribes included such Bush-connected companies as Chevron-Texaco, Taurus Oil, and Houston-based Coastal. It is estimated that Saddam skimmed off some $10 - $21 billion in this way, meaning that US companies paid Saddam up to $11 billion in bribes and kickbacks. • Of course, this money has to be funnelled through compliant banks, including some of Wall Street's finest like BNP Paribas and JP Morgan Chase & Company, and Britain's HSBC Bank. • Saddam then used the money to bribe UN and other foreign officials, buy arms, and pay money to families of Palestinians "suicide bombers." It has also been alleged that this money is funding the current Iraqi "insurgency." So, when the news reports that over a thousand American boys are dead in Iraq, just calculate that more than 400 of these were killed by Chevron, Coastal, and Mr. Cheney. The connection couldn't be more clear if he pulled the trigger himself. Posted by Gordon at December 04, 2004 09:34 PM | E-mail AuthorComments
Bravo! I wish this could appear in every major newspaper in the US. Keep up the good work. |
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