Thread: Video - Kucinich statement to the Media: "Privatizing Iraq's Oil is Theft!"

Rep. Dennis J. Kucinich: "Privatizing Iraq's Oil is Theft!"


7 Minute Video: He takes questions from the media - Fascinating!
Rep. Dennis J. Kucinich: "Privatizing Iraq's Oil is Theft!"

Rep. Kucinich explained how the proposed Bill, now pending before the U.S. Congress, via its benchmarks, will provide for the privatization of Iraqi oil. It requires the regime in Iraq to pass a law called, "The Hydrocarbon Act." If they refuse to do so over a billion dollars in reconstruction funds will be blocked by the Bush-Cheney administration, he claimed. This measure, which Rep. Kucinich characterized as "blackmail," would permit multinational oil corporations---many based in the U.S.--to exercise control over the Iraqi oil. The Democratic leadership in the Congress is giving its explicit support to this legislative device. Unless the scheme is stopped, Rep. Kucinich predicted, we will be looking at an Iraqi War "going on forever!"

Privatizing goverment controlled institutions is tricky. It usually leads to mercantilism.

But there's the obvious problem of leaving things under government control.