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View Diary: Krugman Bombshell - Bush Oil Buddy Cuts Deal with Kurds (328 comments)

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  •  Usually the firewall breaks appear later (4+ / 0-)

    The article just popped up on the Times page. It will take time to show up elsewhere.

    I quoted as much as I thought fit fair use for my discussion.

    "It's the planet, stupid."

    by FishOutofWater on Fri Sep 14, 2007 at 07:05:51 AM PDT

    [ Parent ]

    •  Until it does, here's a telling (31+ / 0-)


      Some commentators have expressed surprise at the fact that a businessman with very close ties to the White House is undermining U.S. policy. But that isn’t all that surprising, given this administration’s history. Remember, Halliburton was still signing business deals with Iran years after Mr. Bush declared Iran a member of the "axis of evil."
      No, what’s interesting about this deal is the fact that Mr. Hunt, thanks to his policy position, is presumably as well-informed about the actual state of affairs in Iraq as anyone in the business world can be. By putting his money into a deal with the Kurds, despite Baghdad’s disapproval, he’s essentially betting that the Iraqi government — which hasn’t met a single one of the major benchmarks Mr. Bush laid out in January — won’t get its act together. Indeed, he’s effectively betting against the survival of Iraq as a nation in any meaningful sense of the term.

      Kinda like insider trading, or rigging a game you've got money on, by making a deal with the Kurds, Hunt has effectively put the nail in the coffin of the Iraq nation.

      Congressional Dems say that history will call the Bush regime a "miserable failure." What will history say about those who sat back and let it happen? IMPEACH!

      by Lisa Lockwood on Fri Sep 14, 2007 at 07:40:01 AM PDT

      [ Parent ]

      •  Not necessarily-- (3+ / 0-)

        the plan was that the central government would have no source of revenue other than from the sale of natural resources which, in addition to oil, presumably includes water, forest products and mineral deposits.  Since it was anticipated that the central government would fund the military AND share revenue with the governorates, the whole thing as outlined in the Constitution was bound to fail--which is probably why the Iraqis agreed to have it put to a vote and deal with the flaws later in the amendment process.  But, that hasn't happened.  Instead, Bush has been trying to push through an oil law that's consistent with the current Constitution and the Iraqis have resisted.  
        The Kurds struck a deal with one of the Scandinavian countries over a year ago.  Also, there's the prospect of oil being discovered in far Weatern al Anbar and they certainly wouldn't want to hand jurisdiction for that over to Baghdad.

        •  Meant to add (0+ / 0-)

          that they'll just have to find another funding source (taxes) for the central government.

        •  Remember (4+ / 0-)
          Recommended by:
          wonmug, bablhous, marina, 417els

          Bush is trying to get his cronies put in charge of developing the fields, and probably as much control of the revenues as possible after that.

          Here's a piece of a June article from Truthout

          The Bush administration has no love for unions anywhere, but in Iraq it has a special reason for hating them. They are the main opposition to the occupation's economic agenda, and the biggest obstacle to that agenda's centerpiece - the privatization of Iraq's oil. At the same time, unions have become the only force in Iraq trying to maintain at least a survival living standard for the millions of Iraqis who still have to go to work every day, in the middle of the war.

             This week, Iraqi anger over starvation incomes and oil ripoffs boiled over. On Monday, June 4, the biggest and strongest of the Iraqi unions, the Iraqi Federation of Oil Unions, launched a limited strike to underline its call for keeping oil in public hands, and to force the government to live up to its economic promises. Workers on the pipelines carrying oil from the rigs in the south to Baghdad's big refinery stopped work. It was a very limited job action, which still allowed the Iraqi economy to function.

          This is part of what the Iraqis are resisting - privatizing the oil fields, since it's plain that that's why we went in there in the first place.

          When was the Constitution drafted? Who was involved in drafting it?

          I won't trust any part of this process until we're out of there.

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