Economic Development Council

Is anyone aware that in “the claimed oil war” – Iraq’s oil is controlled by the UN?

I always wondered about outrageous claims the United States gets Iraq’s oil . Seems to be a wild herring – like all conspiracy tales

UN Resolution 1637
The Council, acting under Chapter VII in adopting the new resolution 1637 (2005) submitted to extend until 31 December 2006 the arrangements for depositing proceeds from export sales of petroleum, products, and natural gas into the Development Fund of Iraq, as well as the arrangements for monitoring the Fund by the International Advisory and Monitoring Board. The Development Fund for Iraq was established on 22 May 2003 with the adoption of Security Council resolution 1483 (2003), by which the Council ended economic sanctions against Iraq. The Fund was set up to administer proceeds from the export sales of Iraq’s oil, as well as funds remaining from the United Nations “oil-for-food” program.

Sounds safe to give the UN another shot at a oil program. Opinions ???

There have been HUGE amounts of money made by unscrupulous administrtors off of the UN’s administration of this policy.
The Iraqi people, as a group, have NOT seen the food end of the deal.
It may have been a good idea, but PEOPLE have screwed it up.


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