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To capture and subdue: America’s theft of Syrian oil has very little to do with money

Years of US support to Al-Qaeda and ISIS and efforts to effect regime change in the country have culminated in the theft of Syria’s oil, but is that really America’s coup de gras in Syria?

by Steven Chovanec 

Part 4 - Anchoring American troops in Syria

This is the history by which an American firm was able to secure a contract to extract oil in Syria. And while the actual resources gained will not be of much value (Syria has only 0.1% of the world’s oil reserves), the presence of an American company will likely serve as a justification to maintain a U.S. military presence in the region. “It is a fiendishly clever maneuver aimed at anchoring American troops in Syria for a long time,” Stephen Kinzer explains, one that will aid the policymakers who hold “the view that the United States must remain militarily dominant in the Middle East.”

This analysis corroborates the extensive scholarship of people like Mason Gaffney, professor of economics emeritus at the University of California, who, writing in the American Journal of Economics and Sociology, sums up his thesis that throughout its history “U.S. military spending has been largely devoted to protecting the overseas assets of multinational corporations that are based in the United States… The U.S. military provides its services by supporting compliant political leaders in developing countries and by punishing or deposing regimes that threaten the interests of U.S.-based corporations.”

In essence, by protecting this “global ‘sprawl’ of extractive companies” the U.S. Department of Defense “provides a giant subsidy to companies operating overseas,” one that is paid for by the taxpayer, not the corporate beneficiaries. It is hard to estimate the exact amount of money the U.S. has invested into the Syria effort, though it likely is near the trillion dollar figure. The U.S. taxpayer doesn’t get anything out of that, but companies that are awarded oil contracts do.

What is perhaps most important about this lesson however is that this is just a singular example of a common occurrence that happens all over the world. A primary function of U.S. foreign policy is to “make the world safe for American businesses,” and the upwards of a thousand military bases the U.S. has stationed across the globe are set up to help protect those corporate investments. While this history is unique to Syria, similar kinds of histories are responsible for U.S. corporation’s extractive activities in other global arenas.

So, next time you see headlines about Exxon being in some kind of legal dispute with, say, Venezuela, ask yourself how was it that those companies became involved with the resources of that part of the world? More often than not, the answer will be similar to how this U.S. company got involved in Syria.

Given all of this, it perhaps might seem to be too mild of a critique to simply say that this Syria enterprise harkens back to older imperial eras where conquerors simply took what they wished: the sophistication of colonialism has indeed improved by leaps and bounds since then.

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