For many conservatives, the U.N.’s oil-for-food scandal was an assault on all that is good and holy. In a nutshell, Saddam Hussein took advantage of a U.N. program in which Iraq would sell oil and use the revenue for food, medicine, and humanitarian goods, as exceptions to a trade embargo imposed after the first Gulf War. Saddam, however, received illegal kickbacks on the oil sales, which he transferred to private accounts.
And who was giving Saddam the illegal kickbacks? According to a New York Times report, Chevron is poised to announce that it should have known about the kickbacks that were being paid to Saddam.
If only Chevron had some kind of internal policy committee, as part of the company’s board of directors, with a knowledgeable expert responsible for looking out for these kinds of problems. Oh wait, it did — and it was led by Condoleezza Rice.
According to the Volcker report, surcharges on Iraqi oil exports were introduced in August 2000 by the Iraqi state oil company, the State Oil Marketing Organization. At the time, Condoleezza Rice, now secretary of state, was a member of Chevron’s board and led its public policy committee, which oversaw areas of potential political concerns for the company.
Ms. Rice resigned from Chevron’s board on Jan. 16, 2001, after being named national security advisor by President Bush.
As Digby’s put it: "Hullabaloo is proud to present another episode of 'Imagine If This Were A Democrat' this week starring Condoleezza Rice...."