Geopolitics - Oct 20
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage
Iraq is sitting on a mother lode of some of the lightest, sweetest, most profitable crude oil on earth, and the rules that will determine who will control it and on what terms are about to be set. The Iraqi government faces a December deadline, imposed by the world's wealthiest countries, to complete its final Oil Law. Industry analysts expect that the result will be a radical departure from the laws governing the country's oil-rich neighbors, giving foreign multinationals a much higher rate of return than with other major oil producers, and locking in their control over what George Bush called Iraq's "patrimony" for decades, regardless of what kind of policies future elected governments might want to pursue. AlterNet Editor's note: this is the first of a two-part series.
But in a sign of the growing sense of urgency, a member of a high-powered government advisory body that is developing options to prevent Iraq's chaotic collapse warns that the United States could have just weeks, not months, to avoid an all-out civil war. "There's a sense among many people now that things in Iraq are slipping fast and there isn't a lot of time to reverse them," said Larry Diamond, one of a panel of experts advising the Iraq Study Group, which is preparing a range of policy alternatives for President Bush.
...But so far, most American officials I’ve interviewed don’t have a clue. That includes not just intelligence and law enforcement officials, but also members of Congress who have important roles overseeing our spy agencies. How can they do their jobs without knowing the basics?
The provisions of Bush's new torture law mean that Americans have lost the key, constitutional right on which Anglo-American criminal law (and criminal-law procedures in true democracies in general) is founded; that's the basic right of an individual to know why he or she is being apprehended and detained.
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