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Iraqi Cabinet approves draft oil law

Discussion in 'BBS Hangout: Debate & Discussion' started by deepblue, Feb 27, 2007.

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  1. deepblue

    deepblue Member

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    Let's hope the Iraqis get this oil revenue thing resolved, that will go a long way towards ending the violence.

    http://news.yahoo.com/s/ap/20070227/ap_on_re_mi_ea/iraq_oil_law;_ylt=AhH05dLVAbYSqSDLVSLayiQLewgF
     
  2. mc mark

    mc mark Contributing Member

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    Of course the MSM here in America really won't give us the whole story --

    -------------------------

    Future of Iraq: The spoils of war

    How the West will make a killing on Iraqi oil riches

    Iraq's massive oil reserves, the third-largest in the world, are about to be thrown open for large-scale exploitation by Western oil companies under a controversial law which is expected to come before the Iraqi parliament within days.

    http://news.independent.co.uk/world/middle_east/article2132569.ece

    Blood and oil: How the West will profit from Iraq's most precious commodity

    The 'IoS' today reveals a draft for a new law that would give Western oil companies a massive share in the third largest reserves in the world. To the victors, the oil? That is how some experts view this unprecedented arrangement with a major Middle East oil producer that guarantees investors huge profits for the next 30 years

    http://news.independent.co.uk/world/middle_east/article2132574.ece

    Iraq poised to end drought for thirsting oil giants

    After 35 years, the third-largest reserves in the world are to be opened to American and British companies

    http://news.independent.co.uk/business/news/article2132467.ece

    The oil rush

    Published: 07 January 2007

    "The oil can is mightier than the sword," said the 19th-century US Senator Everett Dirksen. Nowhere does this seem more true than in contemporary Iraq where, despite widespread despair about the war's costs in terms of blood and treasure, US corporations look set to be some of the conflict's few winners. The announcement that the Iraqi government is planning to change its constitution to allow foreign extraction of oil will give Western companies access to the world's third largest oil reserves. Production sharing agreements (PSAs), lasting for up to 30 years, will divert up to 75 per cent of Iraqi oil revenues to Western drilling companies until their initial investment costs have been recouped.

    http://comment.independent.co.uk/leading_articles/article2132500.ece
     
  3. rhadamanthus

    rhadamanthus Contributing Member

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    mcmark:

    This war has nothing to do wirth oil, and you are an unpatriotic terrorist-loving commie hippe libpig for thinking as much. We all know this war was about WMDs, or 9/11, or terrorist preemptive strikes, or liberation for oppressed people, or...
     
  4. mc mark

    mc mark Contributing Member

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    One day we'll find out why Cheney's secret little cabal were looking at maps of Iraq and the middle east while formulating US energy policy for the Bush administration even before 911 ever happened.
     
  5. RocketMan Tex

    RocketMan Tex Contributing Member

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    This was was, is, and always will be about money, specifically the control of the Iraqi oil reserves. Anyone who thinks otherwise is either ignorant or deluded.
     

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