Read the article in "The Independent".

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

"The Independent on Sunday has learnt that the Iraqi government is about to push through a law giving Western oil companies the right to exploit the country's massive oil reserves....

...Its provisions are a radical departure from the norm for developing countries: under a system known as "production-sharing agreements", or PSAs, oil majors such as BP and Shell in Britain, and Exxon and Chevron in the US, would be able to sign deals of up to 30 years to extract Iraq's oil.

PSAs allow a country to retain legal ownership of its oil, but gives a share of profits to the international companies that invest in infrastructure and operation of the wells, pipelines and refineries. Their introduction would be a first for a major Middle Eastern oil producer. Saudi Arabia and Iran, the world's number one and two oil exporters, both tightly control their industries through state-owned companies with no appreciable foreign collaboration, as do most members of the Organisation of Petroleum Exporting Countries, Opec...."

Anybody continues to believe that the Iraqi war was or is about terrorism is wearing blinders. We need to write our congressmen expressing our outrage.

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Jim
New favorite quote: "Apathy is probably the greatest criticism that can be applied to anything"
http://home.comcast.net/~oil_free_and_happy/