Kucinich Will Introduce Legislation To Ban U.S. Oil Companies From Iraq

Dandelion Salad

Submitted by davidswanson on Fri, 2007-10-12
After Downing Street

Kucinich: New Revelations on Hunt Oil Deal Raise More Questions
Will Introduce Legislation To Ban U.S. Oil Companies From Iraq

WASHINGTON, D.C. (October 12, 2007) — Congressman Dennis Kucinich (D-OH) said today’s United Press International (UPI) report on Hunt Oil raises more questions worthy of Congressional investigations and that he will introduce legislation to ban U.S. oil companies from operating in Iraq.

“The Bush Administration has been pressing for the privatization of Iraq’s oil. This move by Hunt Oil, with its numerous connections to the President, would seem to advance that goal. The deal would seem to pressure the central Iraq government to capitulate, since the Hunt Oil deal with the Kurdistan Regional Government would be a precedent that the Iraq government could hardly ignore.

“I’m concerned that if we don’t reverse the “war for oil” policy, many negative consequences for the United States could follow. I think it would prevent any hope of an emerging peace process in the Middle East,” Kucinich said.

Earlier this year Congress passed and the President signed the supplemental Iraq funding bill that included a limitation on the U.S. government controlling Iraqi oil, which leaves private control of Iraq’s oil resources by U.S. oil companies on the table. Sec. 3301 states no funds can be expended by the United States Government “To exercise United States control over any oil resource of Iraq.” There is no similar prohibition on oil companies.

“This Congress failed to prohibit oil companies from taking advantage of the U.S. invasion. I intend to close this major loophole by introducing legislation to prohibit U.S oil companies from gaining financial interests or financial control of Iraq’s oil resources,” Kucinich said.

On September 18, 2007, Kucinich sent a letter to Secretary of State Condoleezza Rice urging an immediate investigation into Hunt Oil Company’s recent production sharing agreement for petroleum exploration with Kurdistan.

“The war in Iraq is a stain on American history. Let us not further besmirch our nation by participating in an outrageous exploitation of a nation, which is in shambles due to the U.S. intervention,” Kucinich said in an hour-long speech on the floor of the House of Representatives on May 23, 2007.

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