The Bush Middle East Oil Gambit
Posted on Fri Sep 14, 2007 at 01:02:35 AM EST
Tags: Iraq war, oil, George Bush, Dick Cheney (all tags)
Texas' Hunt Oil Co. and Kurdistan's regional government said Saturday they've signed a production-sharing contract for petroleum exploration in northern Iraq, the first such deal since the Kurds passed their own oil and gas law in August.
Hunt has ties to the Bush administration:
"In October 2001 and again in January 2006, Mr. Hunt was appointed by President George W. Bush to the President's Foreign Intelligence Advisory Board in Washington, D.C."
Welcome to the Bush administration's Middle East oil gambit...
According to IEA, most countries outside the Middle East have reached their peak in conventional oil production, or will do so in the near future. The United States is a case in point. Even though the United States is currently the third-largest, oil-producing nation, U.S. oil production peaked around 1970 and has been on a declining trend ever since. (See fig. 1.) (emphasis mine)
This needs to be repeated: oil production in the United States peaked 37 years ago! Most countries, outside of the Middle East, have already reached their peak in oil production or will do so soon. How soon? Eight out of twenty-one studies examined by the GAO predict that the world oil reserves will peak on, or before, the year 2020. Thirteen out of 21 studies put that timing on, or before, the year 2040. How essential is controlling the Middle East to oil baron's?
"On the basis of Oil and Gas Journal estimates as of January 2006, we found that of the approximately 1.1 trillion barrels of proven oil reserves worldwide, about 80 percent are located in the OPEC countries, compared with about 2 percent in the United States."
OPEC agrees:
According to current estimates, more than three-quarters of the world's oil reserves are located in OPEC countries. The bulk of OPEC oil reserves is located in the Middle East, with Saudi Arabia, Iran and Iraq contributing 56% to the OPEC total.
We now see the reason that President Bush pushed so hard to invade Iraq and is pushing just as hard to find some justification to attack Iran. Saudi Arabia (already friendly to the U.S.), Iraq and Iran, constitute 56% of OPEC's total oil reserves. So, who are the top five countries in OPEC concerning oil reserves? Saudi Arabia, Iraq, Iran , Kuwait and Venezuela.
I doubt many would argue that the focus of President Bush was on oil from day one. As the BBC noted in January, 2001:
The president, vice-president, commerce secretary and national security adviser all have strong ties to the oil industry.
But, the BBC also wrote:
There are also questions about how energy policy decisions may be affected by the private financial interests of so many senior cabinet members.
So, how might our "policy decisions" have been manipulated by private interests?
Cheney Energy Task Force Eyed Iraq Oil
Judicial Watch, a conservative legal group, obtained a batch of task force-related Commerce Department papers that included a detailed map of Iraq's oil fields, terminals and pipelines as well as a list entitled "Foreign Suitors of Iraqi Oilfield Contracts."The papers also included a detailed map of oil fields and pipelines in Saudi Arabia and in the United Arab Emirates and a list of oil and gas development projects in those two countries.
The papers were dated early March 2001, about two months before the Cheney energy task force completed and announced its report on the administration's energy needs and future energy agenda.
Venezuela Coup Linked to Bush Team
The failed coup in Venezuela was closely tied to senior officials in the US government, The Observer has established. They have long histories in the 'dirty wars' of the 1980s, and links to death squads working in Central America at that time.
"This is much more than a nuclear issue," one high-ranking diplomat told me in Vienna. "That's just a rallying point, and there is still time to fix it. But the Administration believes it cannot be fixed unless they control the hearts and minds of Iran. The real issue is who is going to control the Middle East and its oil in the next ten years."
The evidence is quite clear; the Bush administration planned all along, knowing peak oil was coming, to seize control of the worlds major oil reserves. In 2005, President Bush all but confirmed it when he stated:
CORONADO, Calif. -- President Bush answered growing antiwar protests yesterday with a fresh reason for US troops to continue fighting in Iraq: protection of the country's vast oil fields, which he said would otherwise fall under the control of terrorist extremists.