( this is a must read )
http://www.alternet.org/print.html?StoryID=16480Operation Oily Immunity
Steve Kretzmann and Jim Valette, AlterNet
July 24, 2003
Viewed on July 28, 2003
During the initial assault on Baghdad, soldiers set up forward bases named Camp Shell and Camp Exxon. Those soldiers knew the score, even if the Pentagon's talking points dismissed any ties between Iraqi oil and their blood.
The Bush/Cheney administration has moved quickly to ensure U.S. corporate control over Iraqi resources at least through the year 2007. The first part of the plan, created by the UN under U.S. pressure is the Development Fund for Iraq which is being controlled by the U.S. and advised by the World Bank and the International Monetary Fund (IMF). The second is a recent Bush executive order that provides absolute legal protection for U.S. interests in Iraqi oil.
In May, the UN Security Council unanimously adopted Resolution 1483, which ended sanctions and endorsed the creation of Development Fund for Iraq, to be controlled by Paul Bremer and overseen by a board of accountants, including UN, World Bank, and IMF representatives. It endorsed the transfer of over $1 billion (of Iraqi oil money) from the Oil-for-Food program into the Development Fund. All proceeds from the sale of Iraqi oil and natural gas are also to be placed into the fund.
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