Oil for Sale: Iraq Study Group Recommends Privatization

By Antonia Juhasz, AlterNet. Posted December 7, 2006.

The Iraq Study Group may not have a solution for how to end the war, but it does have a way for its corporate friends to make money.

In its heavily anticipated report released on Wednesday, the Iraq Study Group made at least four truly radical proposals.

The report calls for the United States to assist in privatizing Iraq's national oil industry, opening Iraq to private foreign oil and energy companies, providing direct technical assistance for the "drafting" of a new national oil law for Iraq, and assuring that all of Iraq's oil revenues accrue to the central government.