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Iraq may hold twice as much oil
munaeem | 21 April, 2007 11:42
Financial Times reports :
"Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003.
The potential presence of a further 100bn barrels in the western desert highlights the opportunity for Iraq to be one of the world’s biggest oil suppliers, and its attractions for international oil companies – if the conflict in the country can be resolved."
That's why Americans invaded Iraq to control the world's second-largest oil reserves--leading to the end of America's growing reliance on petroleum from Saudi Arabia.
Critics say U.S. eyes have been on Iraq's oil since before the war. Documents obtained in a 2002 Freedom of Information Act lawsuit by the conservative legal group Judicial Watch found Vice President Dick Cheney's secret Energy Task Force included maps and charts of Iraq's oil infrastructure and projects as well as a list of "Foreign Suitors for Iraqi Oilfield Contracts."
A pre-war oil and energy working group of the U.S. State Department's Future of Iraq project also focused on Iraq's oil sector.
Now the Bush administration is trying to impose an oil law on Iraqis that will benefit American oil companies.
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