The Future of Iraqi Destitution

I just downloaded a very detailed report from the Global Policy Forum that explains how Iraq's economy is being seized by Western oil powers. In short, a US State Dept- concocted oil policy is being drafted that will allow multinational oil companies to use PSA's (production sharing agreements) to skirt issues of privatisation that have been raised in regards to Iraq's reserves. By conservative figures, Iraq will lose roughly 75 - 195 billion dollars by the end of the contract's terms - and that's after just 12 more drilling platforms are dropped in the desert. Global corporations will raise their profits in Iraqi oil from 42% to 174%, leaving Iraq in a deep deficit. Tag that on top of a 20 billion dollar war debt and you've got one bankrupt-ass country with no one to pick up the check. This is a ripe situation for the IMF or any of their nefarious cohorts to make a record breaking killing off of an economically hobbled nation.

The report does not contain emotional material and there are no biased articles within it. It is straight information and truthfully, it can get a little tedious. Still, I urge anyone and everyone to exercise some patience and read it because it is dealing with an issue that will have direct influence over millions and millions of lives. Even yours.
Here is the link - http://www.globalpolicy.org/security/oil/2005/crudedesigns.htm

If you need a copy and don't have access to a printer, I will be happy to send you one for 2$ post-paid (for copying and postage, no profit!)
Just leave a comment with your email address on this post and I'll get back to you ASAP.

I also have to give credit to Stan Goff, who posted this report on his site. He did the work but that doesn't mean the distribution should stop there!

d-l.c.