who will be next World Bank President What will they do


Wolfowitz oil danger. A detailed article on Salon considers the likelihood that Wolfowitz will use his new position as World Bank head to get hold of more oil for the United States. The piece, by Daphne Eviatar, reminds readers that Wolfowitz "would be in a position to pressure the world's largest public financial institution to help pay for the exploration, drilling and transport of America's most coveted natural resource".

Eviatar is not convinced by Wolfowitz's fine words about pursuing "a noble mission and a matter of enlightened self-interest," at the Bank. She points out that Wolfowitz has forged a U.S. foreign policy "dedicated to American hegemony, energy security and the opening of foreign markets to U.S. business - goals that are often in conflict with the bank's mission".

Indeed, as the article points out, poorer countries have often benefited very little indeed when their oil has been exploited and shipped off to consumers in the U.S. or Europe.

Alex Wilks ~ April 26, 2005

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