Congressional Spending Bill Targets Iraqi Oil

[maddezmom]

Congressional Spending Bill Targets Iraqi Oil

Courtesy State Department Americans may not be aware that the Iraq War budget measure passed by the House last week includes a provision directing the Iraqi Parliament to pass "a broadly accepted hydrocarbon law that equitably shares oil revenues among all Iraqis."
On the surface, that seems like a democratic thing to do -- make sure everyone in the country shares oil revenues. Right? How is that different from, say, Alaska?

But the bill in question does far more than mandate "equitable" sharing. (And the claim that it is "broadly accepted" is arguable.) As Time reported last month, "he law is a dramatic break from the past" ... and not just in revenue-sharing. More importantly, the law would open up the oil fields to foreign corporations -- oil fields which were nationalized in 1972.

Who said this invasion wasn't about oil?

Law Authorship: American
In January, the London Guardian reported that the Iraqi law was drafted in part by an American firm at the direction of the Bush Administration. In addition, the White House and oil companies saw a draft of the bill in July 2006 -- as did the International Monetary Fund -- while the Iraq Parliament remained in the dark.

You got it. We wrote it. Now we're demanding that they pass it, in the name of "democracy" of course.

more:http://uspolitics.about.com/b/a/208055.htm

[BayCityProgressive]

1. PATHETIC

That is why neo-cons like Hillary want to keep troops there indefinately, that way if the iraqi's try to re-nationalize..we have troops ther eto stop them. iraq is going to be a puppet country just like South Korea and Israel.

[sinkingfeeling]

2. Whoa, that's not right. There is a draft of the American-written oil sharing

law in Iraq's government right now. It's a terrible bill that 'privatizes' the Iraqi oil. What was added to the Iraq War bill is an attempt to undo the Iraqi draft bill.