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Iraq War Profits 1991-2005
Thursday, April 20, 2006

Barrel of Oil Before the 1991 Gulf War - $15.00
Barrel of Oil After the Gulf War - $42.00
Oil Profits - 60,000 Million dollars

*Gulf War Profits

Shock and Awe War Profits

What makes the new Bush administration different from previous wealthy cabinets is that so many of the officials have links to the same industry - oil.

The concentration of energy connections is so pronounced that some critics are calling the Bush government the "oil and gas administration".

One third of this senate are millionaires and 10 of the major presidential candidates also had financial fortunes in the millions.

The Iraq war helped bring record earnings to St. Louis-based defense contractor Engineered Support Systems Inc., and new financial data show that the firm's war-related profits have trickled down to a familiar family name — Bush.

*'Thieves Like Us' - Cheney's Backdoor To Halliburton

*Analysis: Oil and the Bush cabinet

Extract from article in Washington Post newspaper: "A U.S.-led ouster of Iraqi President Saddam Hussein could open a bonanza for American oil companies long banished from Iraq, scuttling oil deals between Baghdad and Russia, France and other countries, and reshuffling world petroleum markets, according to industry officials and leaders of the Iraqi

"Although senior Bush administration officials say they have not begun to focus on the issues involving oil and Iraq, American and foreign oil companies have already begun maneuvering for a stake in the country's huge proven reserves of 112 billion barrels of crude oil, the largest in the world outside Saudi Arabia."

"The importance of Iraq's oil has made it potentially one of the administration's biggest bargaining chips in negotiations to win backing from the U.N. Security Council and Western allies for President Bush's call for tough international action against Hussein.

All five permanent members of the Security Council - the United States, Britain, France, Russia and China have international oil companies with major stakes in a change of leadership in Baghdad."

"It's pretty straightforward, said former CIA director R. James Woolsey, who has been one of the leading advocates of forcing Hussein from power.

'"France and Russia have oil companies and interests in Iraq. They should be told that if they are of assistance in moving Iraq toward decent government, we'll do the best we can to ensure that the new government and American companies work closely with them."

*In Iraqi War Scenario, Oil Is Key Issue

On April 17 the US Agency for International Development (USAID) awarded a contract worth $680 million to Bechtel Corp., a private company with close ties to the Republican Party and the Bush administration ....

*War profits and the US military-industrial complex

Halliburton, the company formerly headed by Vice President Cheney, has won contracts worth more than $1.7 billion under Operation Iraqi Freedom and stands to make hundreds of millions more dollars under a no-bid contract awarded by the U.S. Army Corps of Engineers, according to newly available documents.

After the Iraq War of 2003, United States and United Kingdom oil giants are certain to gain privileged access to Iraq’s oil resources. Excluded from control over Iraqi oil since the nationalization of 1972, Exxon, BP, Shell and Chevron will now gain the lion’s share of the world’s most profitable oil fields. Few outside the industry understand the huge stakes in Iraq, which amount to tens of billions of dollars in total potential profits per year.

References ....

*The Iraq Oil Bonanza
*Iraq: Halliburton Reaping Huge Profits
*Oil prices lift ExxonMobil
posted by EuroYank - Virginia Hoge @ 5:44 AM  
About Me

Name: EuroYank - Virginia Hoge
Home: United States
About Me: Euro Yank is an internationally famous blogger, an American born in Germany that left for the USA with family at age six and has lived in Luxembourg for the past ten years. He is a committed anti-fascist and a student of history who is politically progressive and believes in the ideals of the American Constitution and the Bill of Rights for all Americans. He is also an American war veteran. He was active on American Talk Radio, and has been prominent online with 26 blogs with over 25 million hits. His investigative journalism has exposed top international news stories no one else has reported on. He is also a well-known political commentator. He has been repeatedly censored and banned, but despite these setback continues nonstop. Virginia Olive Hoge is an artist and writer living in Pasadena, California. As a progressive whistle-blower, she conducts investigations into corrupt media and outs the harm it causes to the poor and important social services. She is has been conducting an 11-month investigation of, she is the first one in the nation to do so.
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