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Originally Posted by irateplatypus
elph/dc_dux
as for the iraqi oil law... read it for yourself. true, it was drafted by a major US contractor... but it must first be accepted and ratified by a sovereign iraqi government. there are provisions for foreign investment but those are delineated to allow for an infusion of foreign capital/technology. i won't deny that there aren't opportunities for abuse if their law ends up looking like the US draft. but, those abuses will be made by iraqis against iraqi citizens and will be vulnerable to iraqi votes.
foreign investment is a vital part of re-assembling the iraqi oil industry. after decades of neglect by saddam and years of sabotage ever since... foreign capital/tech is the quickest way to get it back on its feet. iraq would cripple itself if it didn't formally establish mechanisms for its use.
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In fact, there are two separate laws - the hydrocarbon law and the revenue distribution law.
Can you imagine the outrage in the US if a law to "manage" our greatest natural resources was drafted by a by a foreign government or foreign contractor?
Thirty year contracts with US oil companies`that Bush/Rice/Crocker are pushing hard not to have eliminated in the legislation may be the "quickest way" to get the Iraq oil industry back on its feet but is exploiting the Iraq people in the long term.
Bush/Rice/Crocker should stay the fuck out of the internal negotiations on these bills, but that wont produce the desired result for the US.