Kucinich Strikes Again!

You go Dennis!

Rep. Dennis Kucinich has introduced a measure that would bar US oil companies from receiving contracts in Iraq.

The Ohio Democrat, who believes exploiting Iraq’s massive oil reserves was the primary reason we invaded, introduced a measure he says aims to keep Iraq’s oil wealth within the country.

“Iraq needs oil revenue now more than ever as they try to rebuild their country,” Kucinich said Thursday, unveiling the Oil for Iraq Liberation Act.

Kucinich noted Congress recently required Iraq to match US investments in the country’s reconstruction, and he implied that Iraq’s ability to contribute to its reconstruction was damaged because of its reliance on oil revenue

It’s unclear what effect, if any, Kucinich’s proposal would have on companies like the former British Petroleum, which is headquartered in London; Total, based in Paris; or Royal Dutch Shell, headquartered in The Hague. Of the companies reportedly in line to receive contracts, only ExxonMobil and Chevron are based in the US, but both operate around the globe.

In his floor speech, he said the bill would “discourage US oil companies from profiting from the war and will stop the further theft of Iraq’s oil resources by the very interests who have profited from the war for oil: the US oil companies.”

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