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Big Oil and Big Media vs. Venezuela

High-level US officials from the administration, Congress, and Pentagon are pressuring the puppet Iraqi parliament to pass its new “Hydrocarbon Law” drafted in Washington and by Big US and UK oil companies. Its provisions are in stark contrast to Venezuela’s oil management policies under Hugo Chavez. For Chavez, his nation and peoples’ interests come first. In Iraq, however, Big Oil licensed plunder will become law if the parliament agrees to accept what its occupier and corporate interests demand. At this stage, it’s nearly certain it will clearing the way for stealing part of what a US state department spokesperson in 1945 called “a stupendous source of strategic power, and one of the greatest material prizes in world history” – the vast (mostly Saudi) Middle East oil reserves.

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