imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Growing Panic at BushCo

by Robert Fisk Friday, Oct. 03, 2003 at 8:18 AM

The cost of making it flow could produce an economic crisis in the US. And it is this - rather than the daily killing of young American soldiers - that lies behind the Bush administration's growing panic. Washington has got its hands on the biggest treasure chest in the world - but it can't open the lid.

Oil, War & A Growing

Sense Of Panic In The US

Don't Tell Me That America Would Have Invaded

Iraq If Its Chief Export Was Beetroot

By Robert Fisk

The Independent - UK

10-2-3



Oil is slippery stuff but not as slippery as the figures now being peddled by Iraq's American occupiers. Up around Kirkuk, the authorities are keeping the sabotage figures secret - because they can't stop their pipelines to Turkey blowing up. And down in Baghdad, where the men who produce Iraq's oil production figures are beginning to look like the occupants of Plato's cave - drawing conclusions from shadows on their wall - the statistics are being cooked. Paul Bremer, the US proconsul who wears combat boots, is "sexing up" the figures to a point where even the oilmen are shaking their heads.

 

Take Kirkuk. Only when the television cameras capture a blown pipe, flames billowing, do the occupation powers report sabotage. This they did, for example, on 18 August. But the same Turkish pipeline has been hit before and since. It was blown on 17 September and four times the following day. US patrols and helicopters move along the pipeline but, in the huge ravines and tribal areas through which it passes, long sections are indefensible.

 

European oilmen in Baghdad realise now that Iraqi officials in the oil ministry - one of only two government institutions that the Americans defended from the looters - knew very well that the sabotage was going to occur. "They told me in June that there would be no oil exports from the north," one of them said to me this week. "They knew it was going to be sabotaged - and it had obviously been planned long before the invasion in March."

 

Early in their occupation, the Americans took the quiet - and unwise - decision to re-hire many Baathist oil technocrats, which means that a large proportion of ministry officials are still ambivalent towards the Americans. The only oil revenues the US can get are from the south. In the middle of August, Mr Bremer gave the impression that production stood at about 1.5 million barrels a day. But the real figure at that time was 780,000 barrels and rarely does production reach a million. In the words of an oil analyst visiting Iraq, this is "an inexcusable catastrophe".

 

When the US attacked Iraq in March, the country was producing 2.7 million barrels a day. It transpires that in the very first hours after they entered Baghdad on 9 April, American troops allowed looters into the oil ministry. By the time senior officers arrived to order them out, they had destroyed billions of dollars of irreplaceable seismic and drilling data.

 

While the major oil companies in the US stand to cream off billions of dollars if oil production resumes in earnest, many of their executives were demanding to know from the Bush administration - long before the war - how it intended to prevent sabotage. In fact, Saddam had no plans to destroy the oil fields themselves, plenty for blowing up the export pipes. The Pentagon got it the wrong way round, racing its troops to protect the fields but ignoring the vulnerable pipelines.

 

Anarchy is now so widespread in post-war Iraq that it is almost impossible for international investors to work there. There is no insurance for them - which is why Mr Bremer's occupation administrators have secretly decided that well over half the bn (£12bn) earmarked for Iraq will go towards security for its production infrastructure.

 

During the war, a detailed analysis by Yahya Sadowski, a professor at the American University of Beirut, suggested that repairing wells and pipes would cost bn, that raising oil production to 3.5 million barrels a day would take three years and cost another bn investment and another bn for repairs to the electrical grid which powers the pumps and refineries. Bringing production up to six million barrels a day would cost a further bn, some say up 0bn.

 

In other words - assuming only bn of the bn can be used on industry - the Bush overall budget of bn which now horrifies Congress is likely to rise towards a figure of 0bn. Ouch.

 

Since the 1920s, only about 2,300 wells have been drilled in Iraq and those are in the valleys of the Tigris and Euphrates. Its deserts are almost totally unexplored. Officially, Iraq contains 12 per cent of the world's oil reserves - two-thirds of the world's reserves are in just four other countries, Saudi Arabia, Iran, Kuwait and the Emirates - but it could contain 20 per cent, even 25 per cent.

 

It's possible to argue that it was Saddam's decision to switch from the dollar to the euro in November 2000 that made "regime change" so important to the US. When Iran threatened to do the same, it was added to the "axis of evil". The defence of the dollar is almost as important as oil.

 

But the real irony lies in the nature of America's new power in Iraq. US oil deposits are increasingly depleted and by 2025, its oil imports will account for perhaps 70 per cent of total domestic demand. It needs to control the world's reserves - and don't tell me the US would have invaded Iraq if its chief export was beetroot - and it now has control of perhaps 25 per cent of world reserves.

 

But it can't make the oil flow. The cost of making it flow could produce an economic crisis in the US. And it is this - rather than the daily killing of young American soldiers - that lies behind the Bush administration's growing panic. Washington has got its hands on the biggest treasure chest in the world - but it can't open the lid. No wonder they are cooking the books in Baghdad.

 

© 2003 Independent Digital (UK) Ltd

 

http://www.informationclearinghouse.info/article4855.htm

Report this post as:

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

Shadowgun Legends Hack and Cheats A23 7:24AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy