"Wolfowitz will loan Iraq the money (from the World Bank) so that Iraq can pay U.S. companies to extract the oil from their vast reserves so that Iraq can sell it to pay back the World Bank."

The only problem with that little scenario Dianavan is that there are no major American Oil Companies involved in oil exploration or production in Iraq. There are no American Companies involved in field operation in Iraq.

"Private corporate industry", is a bit of a misnomer. More usual are the terms "Private Industry" and "Corporate Industry". Nowadays, if of any size to be significant, both involve shareholders. Those shareholders tend to be insurance companies, pension funds, unions. The idea of these being controlled by a few evil men is strictly for comic books and second rate movies.