Sunday, March 16, 2008

Iraq War Going For 5

A US military study officially acknowledged for the first time yesterday that Saddam Hussein had no direct ties to al-Qaida, undercutting the Bush administration's central case for war with Iraq. The Pentagon study based on more than 600,000 documents recovered after US and UK troops toppled Hussein in 2003, discovered "no 'smoking gun' (ie, direct connection) between Saddam's Iraq and al-Qaida", its authors wrote. George Bush and his senior aides have made numerous attempts to link Saddam Hussein and Al Qaeda terror in their justification for waging war against Iraq. Wary of embarrassing press coverage noting that the new study debunks those claims, the US defence department attempted to bury the release of the report yesterday. The Pentagon cancelled a planned briefing on the study and scrapped plans to post its findings on the internet, ABC news reported. Unclassified copies of the study would be sent to interested individuals in the mail, military officials told the network. Another Pentagon official told ABC that initial press reports on the study made it too politically sensitive. Five years after the United States invaded Iraq, plenty of people believe that the war was waged chiefly to secure U.S. petroleum supplies and to make Iraq safe -- and lucrative -- for the U.S. oil industry. We may not know the real motivations behind the Iraq war for years, but it remains difficult to distill oil from all the possibilities. That's because our society and economy have been nursed on cheap oil, and the idea that oil security is a right as well as a necessity has become part of our foreign policy DNA, handed down from Franklin D. Roosevelt to Jimmy Carter to George H.W. Bush. And the war and its untidy aftermath have, in fact, swelled the coffers of the world's biggest oil companies. But it hasn't happened in the way anyone might have imagined. Instead of making Iraq an open economy fueled by a thriving oil sector, the war has failed to boost the flow of oil from Iraq's giant well-mapped reservoirs, which oil experts say could rival Saudi Arabia's and produce 6 million barrels a day, if not more. Thanks to insurgents' sabotage of pipelines and pumping stations, and foreign companies' fears about safety and contract risks in Iraq, the country is still struggling in vain to raise oil output to its prewar levels of about 2.5 million barrels a day. As it turns out, that has kept oil off the international market at just the moment when the world desperately needs a cushion of supplies to keep prices down. Demand from China is booming, and political strife has limited oil production in Nigeria and Venezuela. In the absence of Iraqi supplies, prices have soared three-and-a-half-fold since the U.S. invasion on March 20, 2003. (Last week, they shattered all previous records, even after adjusting for inflation.) The profits of the five biggest Western oil companies have jumped from $40 billion to $121 billion over the same period. While the United States has rid itself of Saddam Hussein and whatever threat he might have posed, oil revenues have filled the treasuries of petro-autocrats in Iran, Venezuela and Russia, emboldening those regimes and complicating U.S. diplomacy in new ways. American consumers are paying for this turmoil at the pump. If the overthrow of Hussein was supposed to be a silver bullet for the American consumer, it turned out to be one that ricocheted and tore a hole through his wallet. If we went to war for oil, we did it as clumsily as anyone could do. And we spent more on the war than we could ever conceivably have gotten out of Iraq's oil fields even if we had particular control over them, says Anthony Cordesman, an expert on U.S. strategy at the Center for Strategic and International Studies who rejects the idea that the war was designed on behalf of oil companies. But that doesn't mean that oil had nothing to do with the invasion. In his recent memoir, former Federal Reserve chairman Alan Greenspan said: "I am saddened that it is politically inconvenient to acknowledge what everyone knows: The Iraq war is largely about oil. After I read this story I could not believe it but after more research I sure do now.
Post a Comment