Bush Orders Surge for Big Oil


From those earliest days until now, throughout all the twists and turns, the blood and chaos of the occupation, the Bush Administration has kept its eye on this prize. The new law offers the barrelling buccaneers of the West a juicy set of production-sharing agreements (PSAs) that will maintain a fig leaf of Iraqi ownership of the nation's oil industry – while letting Bush's Big Oil buddies rake off up to 75 percent of all oil profits for an indefinite period up front, until they decide that their "infrastructure investments" have been repaid. Even then, the agreements will give the Western oil majors an unheard-of 20 percent of Iraq's oil profits – more than twice the average of standard PSAs, the Independent notes.
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Put simply, the Bush Family and their allies and cronies represent the confluence of three long-established power factions in the American elite: oil, arms and investments. These groups equate their own interests, their own wealth and privilege, with the interests of the nation – indeed, the world – as a whole. And they pursue these interests with every weapon at their command, including war, torture, deceit and corruption. Democracy means nothing to them – not even in their own country, as we saw in the 2000 election. Laws are just whips to keep the common herd in line; they don't apply to the elite, as Bush's own lawyers and minions have openly asserted in the memos, signing statements, court cases and presidential decrees asserting the "inherent power" of the "unitary executive" to override any law he pleases. The Iraq war has been immensely profitable for these Bush-linked power factions (and their tributary industries, such as construction); billions of dollars in public money have already poured into their coffers. Halliburton has been catapulted from the edge of bankruptcy to the heights of no-bid, open-ended, guaranteed profit. The Carlyle Group is gorging on war contracts. Individual Bush family members are making out like bandits from war-related investments, while dozens of Bush minions – like Richard Perle, James Woolsey, and Joe Allbaugh -- have cashed in their insider chips for blood money.

So Bush's confident strut, his incessant upbeat pronouncements about the war, his complacent smirks, his callous indifference to the unspeakable horror he has unleashed in Iraq – these are not the hallmarks of self-delusion, or willful ignorance, or a disassociation from reality. He and his accomplices know full well what the reality is – and they like it.
http://uspolitics.tribe.net/thread/ad9872ad-d0aa-47cc-9b40-091351c61766
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