Who Will Get the Oil?

The Nation by Christian Parenti | Mar. 5, 2007 (News Analysis)
Iraq's postwar oil bonanza remains a mirage

Iraq's postwar oil bonanza remains a mirage. The country has the second- or third-largest reserves in the world, making petroleum the heart and vast bulk of its economy. Thus in March 2003 did Paul Wolfowitz assure Congress that Iraq would "finance its own reconstruction, and relatively soon." American planners predicted that Iraq's oil production would triple to a feverish 6 million barrels per day by 2010. Full Story »

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3.9
 by Ara Gregorian - Mar. 7, 2007

This simple statement summarizes in part the situation for this reader: "I wish we did not have oil in this country," said Numan Hany, a teacher from Mosul. "That way the United States would not have invaded our country, and we would have lived on the two great rivers and the land on which our grandfathers lived in dignity."

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