Was the Iraq War About Grabbing Oil … Or Keeping It Off the Market?

Via: ZeroHedge

Submitted by George Washington on 03/30/2013

U.S. Secretary of Defense Chuck Hagel, 4-Star General (and CENTCOM commander with responsibility for Iraq) John Abizaid, Fed boss Alan Greenspan, President George W. Bush, Senator John McCain, Sarah Palin, Bush speechwriter David Frum, key war architect John Bolton, and a high-level National Security Council officer all say that the Iraq war was about oil.

Documents from Britain show the same thing.

But apologists for the Iraq war said this can’t be true, because American companies didn’t really end up with that much Iraqi oil.

BBC and Guardian investigative reporter Greg Palast – a New York Times bestselling author – thinks he knows why. Palast is famous for obtaining original source documents from whistleblowers which tell the real story.

Palast argues today that source documents he obtained through cloak-and-dagger methods prove that the war was actually focused on keeping Saddam’s oil off of the market … so as to keep oil prices high: 

Read more: here

No way…Our leaders wouldn’t allow this.. I mean, come on, there must be laws against it….
-Moose

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A Look at the Richest Oil Barons in the U.S.

Via: OilPrice.com

By Charles Kennedy | Tue, 05 March 2013

Forbes has recently released its latest rich list, so now would be a good time to look at the world’s billionaires who have benefited most from the US oil industry.

The Koch Brothers, Charles and David, are the joint 6th richest people in the world with fortunes of $34 billion each. Their fortune has been created from massive refineries, pipeline networks, and chemical plants,

Harold Hamm, the CEO and founder of Continental Resources, is the 90th richest person in the world with his 73% stake in Continental worth $11.3 billion. He was there at the beginning of the Bakken shale formation, and helped to develop it into the monster that it is today. In 2006 the Bakken was producing 100,000 barrels per day, and now it produces 550,000 barrels per day; Hamm and his analysts believe that it has the potential to reach 1 million bpd.

Then there are Phil Anschutz and George Kaiser, both with fortunes of $10 billion, and tied on the Forbes list at 109th.

Anschutz has built empires in oil, railroads, and telecoms, with his biggest to date being in the world of entertainment with his company Anschutz Entertainment Group (AEG).

Kaiser’s family fled Nazi Germany, before settling in the US and founding the Kaiser-Francis Oil Company; George took control in the late 60s.

Read more: here