Socialist Worker

Destroy a country and steal its oil

Issue No. 1861

THE TANKERS of the giant multinational oil companies BP, Chevron Texaco and Shell have begun transporting newly pumped oil out of Iraq. At least three quarters of the new oil is heading for the US.

The US claims that the money from the sales will 'benefit the Iraqi people'. But in fact the money will be paying for so called 'reconstruction'. US and British forces devastated Iraq and now Iraq's assets will be grabbed to pay for the rebuilding of the country.

The recent budget announced by US overlord Paul Bremer assumes that over half of the money for rebuilding Iraq will come from the oil now being stolen. The US is also planning to hire a private security firm to police Iraq. Private security firm Kroll is poised to train former soldiers from Saddam Hussein's regime to guard government buildings and oil pipelines.

The guards will carry guns, and be based at over 2,000 sites around Iraq. Anne Tiedemann, a senior executive at Kroll, said, 'Our sense is that the military has too much on its plate and that these are issues that need to be addressed, and the way to do that is through the private sector.'

THE US government says it has already spent $48 billion on the war on Iraq. As the occupation drags on the total will exceed the $63 billion Bush has already set aside. New Labour is spending £5 million a day on the occupation.

Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

Sat 26 Jul 2003, 00:00 BST
Issue No. 1861
Share this article


Mobile users! Don't forget to add Socialist Worker to your home screen.