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Hillman, a former McKinsey consultant, stunned at least one board member at the February meeting when he raised questions about the validity of Iraq\ufffds existing oil contracts. \ufffdHillman said the old contracts are bad news; he said we should kick out the Russians and the French,\ufffd the board member told me. \ufffdThis was a serious conversation. We\ufffdd become the brokers. Then we\ufffdd be selling futures in the Iraqi oil company. I said to myself, \ufffdOh, man. Don\ufffdt go down that road.\ufffd\ufffd Hillman denies making such statements at the meeting.
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Something discussed here previously. French became alarmed as did Ruskkies, that US is taking control of all the major oil sources in the world. Russians lost out in the 'stans & are about to be at US mercy in M.E. too - as wll France and of course China all of whom have deals with Saddam's regime. Those deals all just got put on ice (some time just over a week ago <g>).

Cheers

Doug Marker