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PeakOil is You

2008 OVER 50% Crude, will come from People who HATE the USA

For discussions of events and conditions not necessarily related to Peak Oil.

Re: 2008 OVER 50% Crude, will come from People who HATE the

Unread postby Keith_McClary » Wed 20 Oct 2004, 23:48:44

Quoting myself:
Keith_McClary wrote:It's not just the MidEast, the policy of the US (and UK and others) in oil-rich countries around the world has been (and still is) to install some king or dictator and give him protection and a slice of the profits in as long as they open up the country to exploitation. World's biggest protection racket.

Just today Transparency International
published their annual Corruption Perceptions Index

Reuters: ... ction=news
The post-war reconstruction of Iraq could be ruined by rampant corruption, an international survey says.

The survey, an annual list of countries held to be the most corrupt in their business dealings, said the future of Iraq depended on transparency in the oil sector.

"Without strict anti-bribery measures, the reconstruction of Iraq will be wrecked by a wasteful diversion of resources to corrupt elites," said Peter Eigen, chairman of the Transparency International watchdog which produced the survey.

Transparency in procurement contracts was essential, he added.

The survey calculated that at least $400 billion (221 billion pounds) is lost to corruption every year around the globe with oil-producing nations among the worst offenders. Bribery is rampant in 60 countries, it said.

The Berlin-based group, funded by grants from development agencies and foundations around the world, is made up of lawyers, economists, businessmen and academics.

It found the most corrupt countries were Bangladesh, Haiti, Nigeria, Chad, Myanmar, Azerbaijan and Paraguay.

Singled out for particular scorn were oil producers Angola, Azerbaijan, Chad, Ecuador, Indonesia, Iran, Iraq, Kazakhstan, Libya, Nigeria, Russia, Sudan, Venezuela and Yemen.

"In these countries, public contracting in the oil sector is plagued by revenues vanishing into the pockets of western oil executives, middlemen and local officials," Eigen said.

He called on western governments to oblige their oil companies to publish what they pay in fees, royalties and other payments to host countries and state oil companies.

He said the payment of kickbacks to secure oil tenders has blighted the oil industry in transition and post-war economies.

The people of these countries see the corrupt elites getting rich while they get no benefit. Is it any mystery why they hate you?
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