Reply #3: Actually, blame CHENEY (the REAL president). [View All]

[Carolab]

In November 2003, McKee quietly ordered up a new plan for Iraq's oil. For months, the State Department officially denied the existence of this 323-page plan, but when I threatened legal action, I was able to obtain the multi-volume document describing seven possible models of oil production for Iraq, each one merely a different flavor of a single option: a state-owned oil company under which the state maintains official title to the reserves but operation and control are given to foreign oil companies.

According to Ed Morse, another Hess Oil advisor, the switch to an OPEC-friendly policy for Iraq was driven by Dick Cheney. "The VP's office not pursued a policy in Iraq that would lead to a rapid opening of the Iraqi energy sector… that would put us on a track to say, "We're going to put a squeeze on OPEC."

Cheney, far from "putting the squeeze on OPEC," has taken a defacto seat there, allowing the cartel to maintain its suffocating grip on the U.S. economy.