On the Verge of "Victory"

Why Bush won't back down.

The long discussed plan to hand over most of Iraq’s oil assets to big foreign oil companies is about to happen. When people can't figure out what Bush means when he claims victory in Iraq, this is what he is talking about.

According to the Independent, the companies are looking at terrific profit potentials. "The US government has been involved in drawing up the law, a draft of which has been seen by The Independent on Sunday. It would give big oil companies such as BP, Shell and Exxon 30-year contracts to extract Iraqi crude and allow the first large-scale operation of foreign oil interests in the country since the industry was nationalized in 1972." . . .

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