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IRAQ: What handover? Posted: Sunday, June 27, 2004 The Virgin Oilfields of Iraq When it comes to oil, Iraq is—believe it or not—largely virgin territory. Though much of the talk about rebuilding Iraqi fields focuses on bringing production back up to prewar levels of about 3 million barrels a day, Iraq is the only Middle Eastern oil power other than Saudi Arabia with huge reserves that are untapped, even unexplored. Indeed, Iraq has the potential to match the 10.5 million barrel-a-day capacity of Saudi Arabia, which is now the only producer capable of using its excess capacity to moderate world oil prices. ¥ Remind Us: Why did the United States invade Iraq? Bogus End To A Bogus War Your time is up, George The 9/11 Commission Finishes Its Dirty Works 'Al-Qaeda' is a Manufactured Intelligence Front Taking a toll on credibility The Western Media Deceives the World About the Iraq Invasion More Than 40,000 Protest Bush in Turkey A legacy of fear Whatever freedoms the US overthrow of Saddam Hussein brought to Iraqis, freedom from fear is not one of them. Even those members of the Kamil family who are better off financially than they were before the invasion say the extra money is outweighed by the pervasive insecurity of life. Pipelines or pipe dreams? Bush should 'fess up about sovereignty Whatever he wants to give Iraq next week, it comes with strings attached - and he should be honest about America's continuing control IRAQ: What handover? "Occupation ends", "Iraqis now in control". These will undoubtedly be the sort of headlines that the corporate press carries on July 1, following the nominal handover of "sovereignty" in Iraq at midnight on June 30 from Coalition Provisional Authority (CPA) head Paul Bremer to the US-appointed Interim Government of Iraq. Both formally and in reality, however, the IGI will have little power   Printer friendly version  Send page by E-Mail |