Iraq says U.S.-backed oil law sent to parliament

The Iraqi government has sent to parliament a landmark draft oil law, the oil minister said on Wednesday, a major step towards meeting one of the political benchmarks Washington has set for Baghdad.

http://www.alertnet.org/thenews/newsdesk/L02423451.htm



Digging In

If the U.S. government doesn't plan to occupy Iraq for any longer than necessary, why is it spending billions of dollars to build "enduring" bases?

http://www.motherjones.com/news/outfront/2005/03/enduring_bases_iraq.html


From Information Clearing House

--------

Iraq Oil Law

Open Letter to Out of Iraq Caucus Regarding Iraq Oil Law http://www.afterdowningstreet.org/node/22108

US Labor Against the War is sending every member of the Congressional Out of Iraq Caucus the letter contained in the PDF attached below.

Open the Letter: http://www.afterdowningstreet.org/sites/afterdowningstreet.org/files/oillaw.pdf


Two paragraphs buried at the bottom of a long New York Times article today (allowing the Times to later claim to have reported it):

"The draft oil law would allow regions to enter into production-sharing agreements with foreign companies, which some Iraqis and critics of the Bush administration say could lead to foreigners reaping too much of the country’s oil wealth.

"Iraqi officials say all contracts will be subjected to a fair bidding process, but there are fears that American companies could be favored. "


Informant: David Swanson

From ufpj-news

--------

Oil Exporters and US Beware: Writing Is on the Wall

Hossein Askari writes: "It is time to beat the drums for change. First, the US must let countries, notably Iraq, control their own energy reserves. Second, international institutions and other credible experts must persuade rulers in oil-exporting countries to take a hands-off approach and assign oil revenues to their people. Taking oil revenues away from rulers and governments of oil-exporting countries would certainly be painful for those in power, but the time has come to undertake this effort for the sake of equity, fairness and global peace."

http://www.truthout.org/docs_2006/050307L.shtml

--------

Iraqi Blocs Opposed to Draft Oil Bill
http://www.commondreams.org/archive/2007/05/03/932/



http://freepage.twoday.net/search?q=Big+Oil

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