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    Back to To the Point

    To the Point

    Was the Iraq War about Oil after All?

    Iraq has the fourth largest known oil reserves in the world. Big western oil companies were in charge of development until 1972, when Saddam Hussein seized their assets and threw them out of the country.  Now, 36 years later, the big Western oil companies are coming back.

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    By Warren Olney • May 12, 2014 • 1 min read

    Iraq has the fourth largest known oil reserves in the world. Big western oil companies were in charge of development until 1972, when Saddam Hussein seized their assets and threw them out of the country. Now, 36 years later, the big Western oil companies are coming back. The Maliki government has agreed to sign no-bid service contracts with ExxonMobile, Chevron, British Petroleum, Dutch Shell and the French company, Total, providing a long-term advantage when production increases. Companies from Russia, China and India are not in on the deal. Can the Kurds, Sunnis and Shiites agree on sharing the proceeds? Will US troops be required to maintain security?

    The full episode

    2 of 3
    Was the Iraq War about Oil After All?
    1. 1:39Another Round of Bad News on the Economy
    2. 7:21Was the Iraq War about Oil after All?You’re reading this
    3. 42:16The Real Eclipse in the 'The Odyssey' Myth
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Frances Anderton

      architecture critic and author

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      David Kirsch

      former Energy Analyst, US State Department

    • KCRW placeholder

      Naomi Klein

      Journalist and writer

    • KCRW placeholder

      Fadhil Chalabi

      former Iraqi Under Secretary of Oil

      NewsNationalPolitics

    The full episode

    2 of 3
    Was the Iraq War about Oil After All?
    1. 1:39Another Round of Bad News on the Economy
    2. 7:21Was the Iraq War about Oil after All?You’re reading this
    3. 42:16The Real Eclipse in the 'The Odyssey' Myth
    Back to To the Point