"In March of 2001, when the Bush Administration began to have secret meetings with oil company executives from Exxon, Shell and BP, spreading maps of Iraq oil fields before them, the price of oil was $23.96 per barrel.
"Today the price of oil is $135.59 per barrel, the US Army is occupying Iraq and the first Iraq oil contracts will go, without competitive bidding to, surprise, (among a very few others) Exxon, Shell and BP."
The New York Times reported last week that those companies, Chevron, Total and some smaller companies were set to receive no-bid contracts from Iraq's Oil Ministry. According to the paper, such deals "are unusual for the industry," and the companies prevailed over more than 40 others, including some from Russia, China and India.
raw story ... read more
Kucinich: 'We went to war for the oil companies'
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