George Bush Claims Iraqi Oil for Himself
while the American media looks the other way.
Courtesy of UnderReported.com, which cites Bush's Executive Order 13303:
I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, obstructs the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq. This situation constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and I hereby declare a national emergency to deal with that threat.
I hereby order:
Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect tothe following:
(a) the Development Fund for Iraq, and
(b) all Iraqi petroleum and petroleum products[...]
The executive order is cleverly worded to make it seem as though all Iraqi oil revenues are going into the Development Fund for Iraq. But that's not what it says. (a) and (b) are independent above. If any oil company goes in to pump Iraqi oil, no organization can sue to have the revenues go to a just cause. The executive order says that oil companies may pump Iraqi oil without fear of lawsuits. There will be no pesky 9-11 style lawsuits to worry about.
Posted 12:14:38 PM by Jeff