Kucinich seeks to bar US oil firms from Iraq Nick Juliano

Published: Friday August 1, 2008





Print This Email This Rep. Dennis Kucinich has introduced a measure that would bar US oil companies from receiving contracts in Iraq. The Ohio Democrat, who believes exploiting Iraq's massive oil reserves was the primary reason we invaded, introduced a measure he says aims to keep Iraq's oil wealth within the country. Iraq needs oil revenue now more than ever as they try to rebuild their country, Kucinich said Thursday, unveiling the Oil for Iraq Liberation Act. Kucinich noted Congress recently required Iraq to match US investments in the country's reconstruction, and he implied that Iraq's ability to contribute to its reconstruction was damaged because of its reliance on oil revenues. "The invasion of Iraq was about oil, but it didnt result in more oil or cheaper gas," Kucinich said on the House Floor. "It resulted in war profiteering by oil companies who benefited by keeping Iraqi oil off the market." Recent reports have indicated that big oil companies like Exxon, Chevron, BP, Total and Shell are set to receive lucrative no-bid contracts to explore in Iraq. It's unclear what effect, if any, Kucinich's proposal would have on companies like the former British Petroleum, which is headquartered in London; Total, based in Paris; or Royal Dutch Shell, headquartered in The Hague. Of the companies reportedly in line to receive contracts, only ExxonMobil and Chevron are based in the US, but both operate around the globe. The State Department last week said its Inspector General would investigate the Iraqi contracts after four Democratic senators said government officials may have intervened to secure the contracts. The full text of Kucinich's OIL Act had not been posted to the Library of Congress's legislative tracking Web site as of early Friday afternoon. In his floor speech, he said the bill would "discourage US oil companies from profiting from the war and will stop the further theft of Iraqs oil resources by the very interests who have profited from the war for oil: the US oil companies."