Oil Watchdog

01-31-08 by dugan

I absolutely can’t vouch for the truth of this story, but it’s no wonder that people would believe it. A Bahraini publication claims that oil companies are offering Iraqi legislators $5 million each to vote for the Iraqi oil law, which would give the oil companies control of Iraq’s huge untapped oil reserves. Five million a head to a few dozen key "legislators" would be pocket lint out of this year’s record oil profits, wouldn’t it? It would probably be less than Chevron shelled out last year to sponsor Iraq"s commercial oil summit. And it would at least be more direct than the lobbying that Big Oil does in Congress, or its exclusive entree to the White House.