Sen. Reid Dodges Iraq Oil Privatization Question

This exchange took place at a news conference with Speaker Nancy Pelosi and Senate Leader Harry Reid on Jan. 19 at the National Press Club.

Husseini: Hi. Sam Husseini from IPA Media. I have a question for each of our guests, if I could. First to Senator Reid: an article appeared in The Guardian -- "Iraqis will never appear -- will never accept this sellout to the oil corporations," in The Guardian last week by Kamil Mahdi, who's an Iraqi academic in the U.K. It paints a picture of the administration in the midst of all of the carnage pushing through a new oil law "The U.S. and the IMF and their allies are using fear to pursue their agenda of privatizing and selling off Iraqis resources" with pending Iraq oil law. Are you looking into this? You've spoken about the oil companies and so on, are you looking into this oil law that the administration is apparently trying to ram through.

Reid: Is that a morning or afternoon newspaper? No, I'm sorry I haven't read that article. Um, but that's what Speaker Pelosi and I are talking about we have to lessen our dependence on foreign oil whether it comes from private sources, or in some instances where the oil is owned by the government. We have to--we use 21 million barrels of oil a day in America, 21 million barrels a day and more than 60 percent of that comes from foreign sources. And the United States controls less than 3 percent of the oil reserves in the world, we can't produce our way out of the problems we have with oil. The only alternative we have is to look to alternative fuels: the sun, the wind, geothermal, biomass. We have to do that and that's why it doesn't matter what they do in Iraq as far as our consumption of oil. We, we, we are oil hogs here in America and we've got to lessen our dependence on foreign oil and that can only be done by recognizing that we can't produce our way out of our problems and we have to move towards alternative energy sources.

Moderator: Excuse me. Will, you could cycle back and take on the next round. We could go over here, please.

Video is currently available at C-Span.org, do a search for Pelosi and Reid or look through their recent programs; the exchange begins at 30:30 in the program.

For background, see: Pending Iraq Oil Law and Bush's Plan -- for Iraq's Oil.

For similar questions to Kennedy, Biden, Hamilton, Sestak, Smith, see Washington Stakeout.

[originally published at husseini.org on Jan. 22, 2007]