Greg Palast on US goals in Iraq:

[W]hat did the USA want Iraq to do with Iraq’s oil? The answer will surprise many of you: and it is uglier, more twisted, devilish and devious than anything imagined by the most conspiracy-addicted blogger. The answer can be found in a 323-page plan for Iraq’s oil secretly drafted by the State Department. Our team got a hold of a copy; how, doesn’t matter. The key thing is what’s inside this thick Bush diktat: a directive to Iraqis to maintain a state oil company that will “enhance its relationship with OPEC.”

Enhance its relationship with OPEC??? How strange: the government of the United States ordering Iraq to support the very OPEC oil cartel which is strangling our nation with outrageously high prices for crude.

Specifically, the system ordered up by the Bush cabal would keep a lid on Iraq’s oil production — limiting Iraq’s oil pumping to the tight quota set by Saudi Arabia and the OPEC cartel.

There you have it. Yes, Bush went in for the oil — not to get MORE of Iraq’s oil, but to prevent Iraq producing TOO MUCH of it.

You must keep in mind who paid for George’s ranch and Dick’s bunker: Big Oil. And Big Oil — and their buck-buddies, the Saudis — don’t make money from pumping more oil, but from pumping LESS of it. The lower the supply, the higher the price.

It’s Economics 101. The oil industry is run by a cartel, OPEC, and what economists call an “oligopoly” — a tiny handful of operators who make more money when there’s less oil, not more of it. So, every time the “insurgents” blow up a pipeline in Basra, every time Mad Mahmoud in Tehran threatens to cut supply, the price of oil leaps.

Link.