The black gold rush
Mother Jones
by James Ridgeway
01/29/07
The biggest story out of Iraq so far this year may not be the surge, or the latest mass bombing, or the escalating sectarian violence; it might, instead, be a decision that further complicates all of the above. Over the next few weeks, a law to reform Iraq’s oil industry — essentially the only source of income the country has aside from U.S. subsidies — is expected to move toward implementation, and the consequences could be enormous. Coverage of the proposal has focused on the fact that it doesn’t break up the country’s oil resources, as some had suggested, to various ethnic groups — a piece for the Kurds, a piece for the Shiites, etc. But the real story may be that once the proposal is put into place, international oil companies will have a far better shot at Iraq reserves than ever before...
http://tinyurl.com/2odtln
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Big+Oil
http://freepage.twoday.net/search?q=James+Ridgeway
by James Ridgeway
01/29/07
The biggest story out of Iraq so far this year may not be the surge, or the latest mass bombing, or the escalating sectarian violence; it might, instead, be a decision that further complicates all of the above. Over the next few weeks, a law to reform Iraq’s oil industry — essentially the only source of income the country has aside from U.S. subsidies — is expected to move toward implementation, and the consequences could be enormous. Coverage of the proposal has focused on the fact that it doesn’t break up the country’s oil resources, as some had suggested, to various ethnic groups — a piece for the Kurds, a piece for the Shiites, etc. But the real story may be that once the proposal is put into place, international oil companies will have a far better shot at Iraq reserves than ever before...
http://tinyurl.com/2odtln
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Big+Oil
http://freepage.twoday.net/search?q=James+Ridgeway
rudkla - 30. Jan, 15:47
