discussed to commandeer and transform iraq's entire oil industry. >> he was surrounded by politicized young republican volunteers who had no experience in the oil industry, who were planning stock market privatization schemes, running around talking about building pipelines from baghdad to israel. things that were really highly unrealistic and provocative. phil carroll very much acted as the brakes against the privatization crowd. >> in this 2005 bbc report re-aired on the program "democracy now" phil carroll describes what he encountered when he arrived in iraq. >> bottles everywhere from total privatization to partial privatization, et cetera, et cetera. there were all sorts of ideas floated about the economy of iraq and what ought to be done. i was very clear that there was to be no privatization of iraqi oil resources or facilities while i was involved. end of statement.