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Meanwhile, the US government is already counting its chickens : http://www.timesdispatch.com/news/MGBR68G42ED.html Viewing a rebuilt Iraq through rose-colored lens [...] By some reckoning, reconstruction and humanitarian costs could approach $100 billion. As U.S. forces move into a siegelike struggle for control of Iraq's urban areas, the rebuilding of Iraq could become even more complicated by the day. But the director of the Office of Management and Budget, Mitch Daniels, says U.S. taxpayers fretting about such stupendous costs forget Iraq is still "a relatively wealthy country'' with a gross domestic product 20 times that of Afghanistan. Because of Iraq's enormous reserves of oil and gas, the second-largest in the world, there is an "enormous upside potential'' in reconstruction, Daniels says. "I think the prospects for reconstruction and the resources to make it happen are abundant.'' .... . . ----- Original Message ----- From: "ppg" <ppg@nyc.rr.com> To: <casi-discuss@lists.casi.org.uk> Sent: Thursday, April 03, 2003 5:44 AM Subject: [casi] Iraq oil ownership? > http://www.washingtonpost.com/ac2/wp-dyn/A15368-2003Apr2?language=printer > U.S., Allies Clash Over Plan to Use Iraqi Oil Profits for Rebuilding > > > [......] U.N. and British officials said the United States lacks the legal > authority to begin exporting oil even on an interim basis without a new > Security Council mandate. Iraq's oil sales before the war were controlled by > the United Nations under its oil-for-food program. > > "We're moving into a legal realm that is not clear," said Jan Randolph, head > of economic forecasting at the World Markets Research Center in London. "The > impression we're getting is that because the Americans are largely bearing > the [war] costs, they will want to determine what happens next." > > David L. Goldwyn, president of Goldwyn International Strategies, said: "I > don't believe that the U.S. has the legal power under international law to > seize and sell Iraq's oil absent a new Security Council resolution." > Goldwyn, who was assistant secretary of energy in the Clinton > administration, added: "It is extremely doubtful any reputable oil company > will purchase oil without clear title." But some industry officials said oil > companies might be willing to buy Iraq oil if purchases were guaranteed by > the United States. [......] > > > > > _______________________________________________ > Sent via the discussion list of the Campaign Against Sanctions on Iraq. > To unsubscribe, visit http://lists.casi.org.uk/mailman/listinfo/casi-discuss > To contact the list manager, email casi-discuss-admin@lists.casi.org.uk > All postings are archived on CASI's website: http://www.casi.org.uk _______________________________________________ Sent via the discussion list of the Campaign Against Sanctions on Iraq. To unsubscribe, visit http://lists.casi.org.uk/mailman/listinfo/casi-discuss To contact the list manager, email casi-discuss-admin@lists.casi.org.uk All postings are archived on CASI's website: http://www.casi.org.uk