Iraq law to lift ban on Baathists

The Iraqi Oil Law allows for foreign companies to come in and take most of the profits (practically) with them. It's a horrible law that will eventually bring most of the people together to fight against these foreign companies that they think are stealing the country out from under them. The richer Iraqis will do fine by the new law (in my opinion), but I don't see too much that's gonna make the poorer Iraqis happy here in the long run.

The new oil law is disastrous. It's essentially legitimized looting and what Cheney's energy pals get in exchange for all the blood shed in Iraq since the invasion.

You make some good points, but...

you need to cut this shit out like 3 years ago.

I would propose the kind of oil laws that don't benefit the invaders.

First they prosecute the rapists, now they want to stop the pillagers. Invading has lost its charms.

If a federal breakup of Iraq occurs, and a parliamentary system still exists, oil revenue should be controlled on a percentage basis relative to the population of each region. Foreign powers taking control of Iraq's oil revenue is exploitation, regardless of all the points you make, Noah The Stud. The Bush administration raped the Iraqi people in the aftermath of the invasion (with Rumsfeld's "flowers and honey" $#!% the equivalent of "she was asking for it"). Taking control of their resources makes the US officially a pimp, and not the Snoop Dogg/Huggie Bear lovable pimp; the Harvey Keitel/Sport noxious, deceptive and abusive variety.

From JuanCole.com:


Sunni Arab politicians meeting in Amman, Jordan are critical of the draft Iraqi petroleum law that has been presented to parliament by the Iraqi cabinet. The Monday Morning (Beirut) article contains these quotes:


' Faleh al-Khayat, a former head of planning at the Oil Ministry, warned that “major foreign oil firms are greedy and will covet Iraq’s oil wealth” if the bill is adopted. “If Iraq’s giant oilfields are developed, they would yield 80 percent of Iraq’s proven reserves estimated at 115 billion barrels”, he argued.

MP Saleh Mutlak of Iraq’s National Dialogue Front echoed him: “We have no need of foreign companies. We’re experienced enough to reap the fruit of our wealth”. Mutlak also said he feared the bill may not live up to government hopes that it will unify Iraq. “We don’t want a new law that will further divide us. We need a law that will unite the Iraqi people”. . . Motlak said Parliament in Baghdad should not ratify the bill “until we reach the appropriate climate for investments in Iraq”.

MP Ali Mashhadani agreed. “Our oil wealth is black gold that must be kept underground until security conditions are appropriate to take advantage of it. It has been entrusted to our safekeeping by the people we represent”. According to Mashhadani “Iraq has sold 125 billion dollars’ worth of oil since the start of the US-led occupation.” The Iraqi people have not benefited from this revenue and “are eating garbage”, Mashhadani said, suggesting that income from oil sales be given to the people in the form of state-subsidized “monthly ration cards” . . .