Who said it wasn't about the oil???

It bloody well was!

The proposed US draft resolution will have control of Iraq's oil from the UN to the USA and their military allies. An international advisory board will have oversight responsibilities but little effective power. More here:



..... But the United States and its allies would control the political and economic life of Iraq until an internationally recognized Iraqi government emerges. Under the system proposed by the administration, the proceeds of Iraq's oil revenue would be placed in an Iraqi Assistance Fund held by the Central Bank of Iraq, which is being managed by Peter McPherson, a former deputy Treasury secretary and Bank of America executive.



The United States and its allies would have the sole power to spend the money on relief, reconstruction and disarmament and to pay "for other purposes benefiting the people of Iraq." The "funds in the Iraqi Assistance Fund shall be disbursed at the direction of the [U.S.-led coalition], in consultation with the Iraqi Interim Authority," the resolution states. It adds that Iraq's oil profits shall remain in the assistance fund "until such time as a new Iraqi government is properly constituted and capable of discharging its responsibilities." According to some estimates, it may take years for such a government to be established.

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Although the resolution underscores the right of the United States to administer Iraq and its resources for an initial 12 months, it notes that its authority would be automatically renewed each year until the Security Council decided to end it...



Oh, and the resolution gives no room for UN weapons inspections at all.