Regulatory Conquest

Posted on

"Regulatory Conquest"

John Judis details the sweet deal foreign oil companies are about to get in Iraq. Opening the Iraqi oil industry up to foreign investment is a perfectly reasonable idea, but the clearly correct way to do this would be to have different firms offer competing bids so the Iraqi state gets the best deal possible. Instead, the Bush administration just had BearingPoint devise some arbitrary terms that — surprise! — are super-favorable to oil companies.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.