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Oil Grab in Iraq/Worldwide Protests

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posted on Feb, 24 2008 @ 09:37 AM
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Oil Grab in Iraq/Worldwide Protests


www.fpif.org

While debate rages in the United States about the military in Iraq, an equally important decision is being made inside of Iraq--the future of Iraq’s oil. A new Iraqi law proposes to open the country’s currently nationalized oil system to foreign corporate control. But emblematic of the flawed promotion of “democracy” by the Bush administration, this new law is news to most Iraqi politicians.

A leaked copy of the proposed hydrocarbon law appeared on the Internet last week at the same time that it was introduced to the Iraqi Council of Ministers. The law is expected to go to the Iraqi Council of Representatives within weeks. Yet the Internet version was the first look that most members of Iraq’s parliament had of the new law.
(visit the link for the full news article)


Related News Links:
www.liveleak.com




posted on Feb, 24 2008 @ 09:37 AM
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American Protests Comdemn Privatization of Iraq Oil

LiveLeak Video

Now we get it.

www.fpif.org
(visit the link for the full news article)

Sorry if this is posted elsewhere...I did a search and didn't see it here yet.

Peace.

[edit on 24-2-2008 by DancedWithWolves]
edit: novice embedding of video

[edit on 24-2-2008 by DancedWithWolves]

[edit on 24-2-2008 by DancedWithWolves]



posted on Feb, 24 2008 @ 01:09 PM
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The new oil law gives foreign corporations access to almost every sector of Iraq’s oil and natural gas industry. This includes service contracts on existing fields that are already being developed and that are managed and operated by the Iraqi National Oil Company (INOC). For fields that have already been discovered, but not yet developed, the proposed law stipulates that INOC will have to be a partner on these contracts. But for as-yet-undiscovered fields, neither INOC nor private Iraqi companies receive preference in new exploration and development. Foreign companies have full access to these contracts.


Ok, you can run your own fields until they run dry. We must partner with you on those that will eventually run dry. Then for all those fields that are capable of gushing but not discovered yet, why, we'll pump those till they run dry.

So, technically, the US is not guilty of violating international law regarding divesting an occupied countries resources/businesses. "I did not have oil relations with that field."


The exploration and production contracts give firms exclusive control of fields for up to 35 years including contracts that guarantee profits for 25-years.

Nope, no cut and run here. Better set that timeline.


It’s not obligated to hire Iraqi workers train Iraqi workers, or transfer technology.

Just like US meat packing plants etal, apparently.


Thus, it is possible that foreign oil company executives could sit on the Council. It would be unprecedented for a sovereign country to have, for instance, an executive of ExxonMobil on the board of its key oil and gas decision-making body.

Why don't they just do like they do here--have them leave the company and serve on the Council? Hey, it worked for Cheney? Jeez, whose making up these laws--incompetents?


The law does not clarify who ultimately controls production levels. ... If foreign companies, rather than the Iraqi government, ultimately have control over production levels, then Iraq’s relationship to OPEC and other similar organizations would be deeply threatened.

Wow, sounds like it could be an Iron Chef battle--secret ingredient...oil! President Chavez vs Iraq...Saudi Prince vs Iraq...


The daily lives of most people in Iraq are overwhelmed with meeting basic needs. They are unaware of the details and full nature of the oil law shortly to be considered in parliament. Their parliamentarians, in turn, have not been included in the debate over the law and were unable to even read the draft until it was leaked on the Internet. Those Iraqis able to make their voices heard on the oil law want more time. They urge postponing a decision until Iraqis have their own sovereign state without a foreign occupation.

Wow, the apple indeed doesn't fall far from the tree! Americans, too, are busy meeting basic needs, unaware of details, and their elected officials don't read what they vote on. With Bush's signing statements and wanting unilateral authority, their elected officials are also left out. Hmmmm, maybe those people helping Iraq aren't really that incompetent afterall. Maybe they're competent bâtards cupides.


[edit on 24-2-2008 by desert]



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