Sunday, April 27, 2003

American to Oversee Iraqi Oil Industry
From the Guardian/UK via Common Dreams:
"The US is preparing to install an American chairman on a planned management team of the Iraqi oil industry, providing further ammunition to critics who have questioned the Bush administration's agenda in the Middle East. The administration is planning to structure the potentially vast Iraqi oil industry like a US corporation, with a chairman and chief executive and a 15-strong board of international advisers. According to a report in the Wall Street Journal, it has lined up the former chief executive of the US division of Royal Dutch/Shell, Philip Carroll, to take the job of chairman."
Well, I guess it was about oil after all. But one has to wonder if these execs will be paid like the bloated CEOs in our nation.