Tomgram: Michael Klare on Iraq's Missing Sea of Oil

The strangest aspect of media coverage of our invasion and occupation of Iraq involved that country's oil. Everyone, including the Bush administration, was well aware that Iraq sat on a sea of it. It was obvious that Middle Eastern oil was a global lifeline and an ever more valuable commodity; and yet, unless you were a faithful reader of the business pages, for days, weeks, even months on end, it was impossible to find serious discussion of Iraqi oil in the mainstream media. Forget the fact that a number of the major players in the Bush administration came out of the energy business; that Condoleezza Rice, the national security advisor, had had an oil tanker named after her (when she was still on Chevron's board of directors); that the neocons and their supporters evinced a special interest in the oil heartlands of our planet (a.k.a. "the arc of instability"); or that the Pentagon was staking those heartlands out, base by base.more