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Why Doesn't the Press Ever Talk About the Oil? [Thursday], the major American oil companies came back into Iraq by getting... you guessed it... no-bid contracts! In fact, the four major oil companies that were thrown out by Saddam Hussein 36 years ago made their triumphant return to occupied Iraq. Former chief executive of Exxon, Lee Raymond, explained the history behind it. "There is an enormous amount of oil in Iraq," he said. "We were part of the consortium, the four companies that were there when Saddam Hussein threw us out, and we basically had the whole country."

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Why Doesn't the Press Ever Talk About the Oil?

[Thursday], the major American oil companies came back into Iraq by getting... you guessed it... no-bid contracts! In fact, the four major oil companies that were thrown out by Saddam Hussein 36 years ago made their triumphant return to occupied Iraq.

Former chief executive of Exxon, Lee Raymond, explained the history behind it. "There is an enormous amount of oil in Iraq," he said. "We were part of the consortium, the four companies that were there when Saddam Hussein threw us out, and we basically had the whole country."