Cost of the War in Iraq
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Oil for Food Scam includes American Companies

Ok, wanna know more about the connection bush administration has to oil and to saddam hussein? Oh don't get mje wrong the companies listed in this article spent a lot of money on lobbying BOTH parties. A lot of hands are dirty here.

Read about it here.

Condeleeza Rice is so connected, there's an oil tanker named after her.

FAQ about the investigations.

An Arab newspaper did publish, not long ago, the list of some 272 names of the beneficiaries from the alleged scam. The Russians, who were very close allies of the Saddam regime got $7.3 million. The French, who, like the Russians, were opposed to the invasion and occupation of Iraq, $3.7 million. The Central Intelligence Agency (CIA), says, in a 918-page document that the likes of such oil giants as “Chevron, Texaco, Mobil and Bay Oil – and three individuals – including Oscar S. Wyatt Jr of Houston were given vouchers and got 111 million barrels of oil between them from 1996 to 2003.

Was it illegal to take these vouchers?
Yes. If individuals and companies knowingly received profits from oil sales not approved by the Oil-for-Food program, they broke the rules of that program and violated the terms of U.N. Security Resolutions that established the program and the sanctions against Iraq, say investigators from the House International Relations Committee. In the case of U.N. employees, accepting bribes would also violate the rules of that body, experts say.

Whether individuals on the list will be prosecuted, however, would, in most cases, be the decision of his or her own government and the domestic laws of each nation. In the United States , as in some other nations, the sanctions became part of domestic law. Another key question in the American context would be whether these vouchers truly served as bribes that caused individuals to work on Saddam Hussein's behalf to modify U.S. policy. A series of laws, including the 1977 Foreign Corrupt Practices Act , regulates the overseas business practices of American citizens. In addition, U.S. firms could be prosecuted if they failed to receive the required approval from the U.S. Department of Treasury to purchase Iraqi oil.


GW Bush was huntin for some wmds and up through the ground come a bubblin crude. oil that is. black gold. texas tea. well the first thing you know ol gw's . . . well he already was a millionaire, ever since they put him in charge of an oil company and the saudis suddenly gave HIS oil company a lucrative drilling contract. nothing to do with his daddy bein president at the time or anything. pretty smart for a hillbilly.


Blogger Mojotek said...

Just more crap from the same asshole. Man, the American people better wake up quick or they're gonna have their whole country sold out from underneath them.

10:03 AM  

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