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| Axis of Evil |
| U.S. Promises to Hold Iraqi Oil ’In Trust’ |
| 2003-01-22 |
| Secretary of State Colin Powell promised that a U.S. military occupation would hold Iraq's oilfields "in trust" for the Iraqi people. In an interview with U.S. newspapers on Tuesday, released by the State Department on Wednesday, Powell said the Bush administration was studying different models for managing the Iraqi oil industry if the United States invades. "If we are the occupying power, it will be held for the benefit of the Iraqi people and it will be operated for the benefit of the Iraqi people," he said. "How will we operate it? How best to do that? We are studying different models. But the one thing I can assure you of is that it will be held in trust for the Iraqi people, to benefit the Iraqi people. That is a legal obligation that the occupying power will have," he added. Say goodbye to those oil concessions, France. Anybody else want to veto? Russia? Hello? Powell said the U.S. military would not want to run Iraq for long after a possible invasion but he declined to speculate how long U.S. troops would stay in the country. Bet the neighbors are real interested too! "There is no desire for the United States armed forces to remain in charge or to run a country for any length of time beyond that which is necessary to make sure that there is an appropriate form of government to take over from the initial military occupation," he said. "Which is why we will be leaving Germany as soon as the movers arrive" |
| Posted by:Steve |
| #2 I really think the administrators of the trust (Hey! That's us!) should be allowed to charge a service fee. 10% sounds fair to me. |
| Posted by: Denny 2003-01-22 20:15:25 |
| #1 I'll personaly be glad to store about 19 gallons of gasoline in my pickup, in trust, of course. |
| Posted by: Chuck 2003-01-22 14:57:46 |