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> We have to be careful not to be confused with the common conspiracy theory that the US wanted to steal Iraqi oil Under Saddam, Iraq's oil was nationalized, a
by nicoffeine 5y ago
> We have to be careful not to be confused with the common conspiracy theory that the US wanted to steal Iraqi oil
Under Saddam, Iraq's oil was nationalized, and most of the profits went to Iraq's government, with Chinese and Russian companies taking less than 10%. After the invasion, the US pushed for a law that would allow no-bid contracts to western oil companies[1]. It never passed because that would have been the end of Maliki's government.
So, to be fair, we wanted to steal the profits from Iraqi oil production, and secure access to the 3rd largest reserves on earth.
[1] https://en.wikipedia.org/wiki/Iraq_oil_law_(2007) https://en.wikipedia.org/wiki/Iraq_oil_law_(2007)