Ajamu Baraka on Energy & Oil
But that was not the reason presented to the U.S. and the global public. The Iraqi Government nationalized its oil sector more than 30 years ago. But Western oil companies are now back. Riding in under the gun of the coalition of the willing, Western companies have now taken over the Iraqi oil sector, with 80 percent of production being exported out of the country while Iraqis struggle to meet basic energy consumption needs. So Western oil is doing fine.
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