The Return of the Big Four

It was never only about the oil? Thirty six years after losing their oil concessions Exxon Mobil, Shell, Total and BP, the four companies that once formed the Iraqi Petroleum Company and exploited the country’s oil reserves until the industry’s nationalisation in 1972, have returned to Iraq. They are limited contracts and only of two years duration but it would be a silly man who would bet his house against the contracts being extended and expanded in two years time. “The Iraqi Oil Ministry, through a spokesman, said the no-bid contracts were a stop-gap measure to bring modern skills into the fields while the oil law was pending in Parliament.”1 “A stop-gap measure and in two years the big four are going to pack their bags and go home; I don’t think so, and was it ever very likely that Chinese, Indian and Russian companies, even with “their memorandums of understanding with the Oil Ministry”2, would have been allowed to bid?

With western companies being increasingly excluded from fields in Russia, Khazakhstan,Venezuala and Bolivia the bigger prize awaits for, as Leila Benali, an authority on Middle East oil at Cambridge Energy Research Associates says, “everybody is waiting for is development of the giant new fields,”3. Of course, it was only about fucking oil and if there is a general law in history the evidence would seem to suggest that it is human stupidity. It is a stupidity that has cost the deaths of over 100,000 Iraqis and almost 5,000 American and coalition troops this time round.
The map above shows us what the war was all about.

About sanculottist

There are a lot of poor bastards out there being used and abused; it is just not cricket "old bean". Something tells me that ignorance is not bliss, but is, in fact, simply ignorance and in the global village we cannot look the other way.
This entry was posted in Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s