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Al Jazeera (English)
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Iraqi Civilian Deaths ... caused by Bush's unprovoked war

 

U.S. Proposes Broader Control Of Iraqi Oil, Funds
(Colum Lynch, Washington Post, 09 May 2003)
The Bush administration today offered the Security Council a resolution calling for the elimination of more than a decade of international sanctions on Iraq and granting the United States broad control over the country's oil industry and revenue until a permanent, representative Iraqi government is in place. . . . The proposal would give the United States far greater authority over Iraq's lucrative oil industry than administration officials have previously acknowledged. . . . The resolution would eliminate all non-military trade sanctions on Iraq, endorse the administration of Iraq by the United States, Britain and other countries that took part in the war, and give its blessing to U.S. efforts to form a transitional government known as an interim Iraqi authority. . . . But the United States and its allies would control the political and economic life of Iraq until an internationally recognized Iraqi government emerges. Under the system proposed by the administration, the proceeds of Iraq's oil revenue would be placed in an Iraqi Assistance Fund held by the Central Bank of Iraq, which is being managed by Peter McPherson, a former deputy Treasury secretary and Bank of America executive. . . . Although the resolution underscores the right of the United States to administer Iraq and its resources for an initial 12 months, it notes that its authority would be automatically renewed each year until the Security Council decided to end it. . . . The resolution would leave open the prospect of the United States tapping into Iraq's oil revenue to finance its own costly efforts to disarm Iraq. . . . The resolution makes no reference to a U.N. role in certifying Iraq's weapons inspections, a proposal that France and Russia have pressed. "The coalition has taken over the process of inspecting in Iraq for weapons of mass destruction," the text says, adding that it does not envision any role for the U.N. weapons inspection agency "for the foreseeable future."

posted by LoZo 2:41 PM