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Whatever Happened to the Neocons’ Grand Schemes to Control Iraq’s Oil?

Dick Cheney thought the US occupation would see a quadrupling of Iraq's capacity to pump oil, and a privatization of its production. Not quite.

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The end is not in sight and the outcome still unclear. Will the vast Iraqi oil reserves be developed and sent into the hungry world market any time soon? If they are, who will determine the rate of flow, and so wield the power this decision-making confers? And once this ocean of oil is sold, who will receive the potentially incredible revenues? As with so much else, when it comes to Iraqi oil, the American war has generated so many problems and catastrophes -- and so few answers.

Michael Schwartz is a professor of sociology and faculty director of the Undergraduate College of Global Studies at Stony Brook University.

 
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