The war in Iraq was never “all about oil,” but the planners of the war obviously factored that Iraq sits atop huge amounts of petroleum into their equations; after all, one of their deeply held ambitions was to open up Iraq's nationalized energy sector to foreign investment after the fighting stopped. American energy companies held similar ambitions. “Iraq,” said Chevron's then-CEO Kenneth Derr all the way back in 1998, “possesses huge reserves of oil and gas—reserves I'd love Chevron to have access to.” Now the Democrats are about to help the Bush Administration and international oil companies achieve that access.
The House will vote as early as today on the Democratic leadership's $124 billion supplemental appropriations bill. The bill funds the war in Iraq but calls for withdrawal of U.S. troops by September 2008. Democrats are arguing that while they don't have the votes to actually cut off war funding, by passing the bill they will effectively shut it down 18 months from now.
That's a dubious proposition given that President Bush has promised to veto the bill if it passes. Meanwhile, about halfway through the 80-page supplemental bill is a section that demands that the Iraqi government enact “a broadly accepted hydro-carbon law that equitably shares oil revenues among all Iraqis” by this fall. That sounds perfectly fine, but the law in question turns out to be one that the Bush Administration and American energy firms have been pushing for years and that, as Antonia Juhasz of Oil Change International explained last week in a New York Times op-ed, would allow international companies to take control of much of Iraq's oil “for a generation or more,” with no requirements to reinvest earnings in the country. Juhasz noted elsewhere that the Bush Administration dismissed nearly all of the recommendations of the Iraq Study Group Report—save for the recommendation that called for the United States to “assist Iraqi leaders to reorganize the national oil industry as a commercial enterprise” and to “encourage investment in Iraq's oil sector by the international community and by international energy companies.”
Congressman Dennis Kucinich has been circulating a “Dear Colleague” letter that asks, so far to no avail, that the call for passage of the oil law be stripped from the measure. “We cannot . . . support this law and continue to claim our actions are in the best interest of the Iraqi people,” he wrote.
Members of the Democratic leadership are still chasing the votes they need to try to pass the bill. If they get the votes, says Kucinich, he'll seek to offer an amendment to remove the oil law benchmark. But it looks like the House leadership plans to rule Kucinich out of order and not accept any amendments to the bill. “The Democrats say they're determined to not “let the perfect be the enemy of the good” with this bill,” said Steve Kretzmann, Executive Director of Oil Change International. “But we're unclear as to how giving the Bush Administration and Big Oil exactly what they want most in Iraq, at the expense of Iraq's future, can be seen as good.”
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