Bush signs executive order claiming Iraq oil for himself

Bush signs executive order claiming Iraq oil for himself
by (posted by Guido) Wednesday June 18, 2003 at 03:52 PM

I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature ...

I hereby order:

Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following:

(a) the Development Fund for Iraq, and

(b) all Iraqi petroleum and petroleum products [...]

The executive order is cleverly worded to make it seem as though all Iraqi oil revenues are going into the Development Fund for Iraq. But that's not what it says. (a) and (b) are independent above. If any oil company goes in to pump Iraqi oil, no organization can sue to have the revenues go to a just cause. The executive order says that oil companies may pump Iraqi oil without fear of lawsuits. There will be no pesky 9-11 style lawsuits to worry about.

http://www.underreported.com/modules.php?op=modload&name=News&file=article&sid=1028
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[Federal Register: May 28, 2003 (Volume 68, Number 102)]
[Presidential Documents]
[Page 31929-31932]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28my03-98]

http://a257.g.akamaitech.net/7/257/2422/14mar20010800/edocket.access.gpo.gov/2003/03-13412.htm

complete introduction
by Guido Wednesday June 18, 2003 at 03:54 PM

"I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, obstructs the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq. This situation constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and I hereby declare a national emergency to deal with that threat."

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