From The Asia Times
By Pepe Escobar

Washington at large and President George W Bush and Vice President Dick Cheney in particular may apply every contortionist trick in the geopolitical book to save their skins in Iraq - and the reasons are not entirely political.

In addition to the recently released report by the Iraq Study Group, any other Washington establishment report - Pentagon, State Department, think-tanks - considered by the White House cannot deviate from much of the ISG. There can be no firm timeline for a complete US withdrawal because it all depends on Iraq’s new oil law being passed and US troops being able to defend Big Oil’s investment.

Once again, it’s the oil. The Bush-Cheney system by all accounts went to Iraq to grab those fabulous reserves. The only way for an overall solution to the Iraqi tragedy would be for the Bush administration to give up the oil - with no preconditions, turning the US into an honest broker. Realpolitik practitioners know this is not going to happen.

Instead, the ISG is explicitly in favor of privatizing Iraq’s oil industry - to the benefit of Anglo-American Big Oil - after the impending passage of a new oil law that was initially scheduled to be passed this month by the Iraqi Parliament.

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