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Entries Tagged as 'Iraq'

Leaked Document: BP Rules Iraq With “Stranglehold” Over Economy By Controlling Largest Oil Field

August 6th, 2011 · 30 Comments · War

For anyone who still might think that the Iraq invasion and occupation is not all about oil, a recently leaked contract, published by oil industry watchdog PLATFORM, exposes BP’s new 20-year “deal” to control Iraq’s largest oil field, which produces about half of Iraq’s total oil output.

The key part of the contract, which was unknown until this leak, reveals that BP will still get paid even if there is any disruption in the very ambitious level of output they have called for, some 3 million barrels per day within the next three years.

As the contract reads, “the parties shall agree in good faith a mechanism to fully compensate [BP] contractor as soon as practicable, which may include, among other things, a revised field production schedule or an extension to the term or payment of lost income in respect of the estimated volumes not produced during the period.”

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Tags: Iraq·oil

Global War Racket Exposed: Trillions in Resources & Funding Our Enemies

June 14th, 2010 · 29 Comments · War


Building on my Af-Pak War Racket report, a few recent news items help expose the true drivers of current wars around the world.

#1) Wherever there is a war, look for CIA/IMF/private military war profiteers covertly funding and supporting BOTH sides in order to keep the wars raging and the profits rolling in. As former CIA Station Chief John Stockwell explained: “Enemies are necessary for the wheels of the US military machine to turn.”

Here’s an important glimpse of truth to seep through last week in the NY Times, via Raw Story:

US-backed ‘bribes’ in Afghanistan may be funding Taliban

On June 7, the day Afghanistan became America’s longest-ever war, the New York Times reported on an ongoing investigation poised to prove that private security companies “are using American money to bribe the Taliban” to fuel combat and thus enhance demand for their services. The news follows a “series of events last month that suggested all-out collusion with the insurgents,” the Times said.

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Tags: Af-Pak·Africa·CIA·IMF·Iraq·private military·War Crimes

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