Crucial Iraq Oil Law Set For Parliament

Legislation To Determine Who Gets What Share Of Massive Oil Revenue

(CBS/AP)  Iraq's hotly debated draft oil law was to be sent to parliament next week, the country's oil minister said on Wednesday.

Hussain al-Shahristani, who was attending an oil conference in Dubai, the United Arab Emirates, did not give a specific day but said the measure would go to lawmakers before the next week was out.

In Baghdad, oil ministry spokesman Assem Jihad told The Associated Press in a telephone interview that the draft law would be in front of the legislature "within the coming few days if everything goes well."

"The draft is with the State Shura Council now to be put in a legal form after being written in technical language," Jihad said.

"We are expecting to take no more than two months to discuss it inside the parliament... between one and two months it depends on the parliament," Jihad added.

The Iraqi oil legislation, which was endorsed by the cabinet last February, will open the door for the government to sign contracts for exploration and production of the country's vast untapped reserves.

It was designed to create a fair distribution of oil profits to all Iraqis and it is perhaps the most important piece of legislation for Iraq's American patrons.

Passage of the law, thought to have been written with heavy U.S. involvement, is one of four benchmarks the Bush administration has set for Prime Minister Nouri al-Maliki's struggling government.

But the oil minister of Iraq's Kurdish regional government said the country should revise the draft law to encourage more competition and investment in the oil and gas industry.

"We are broke. Nobody is going to lend Iraq any new money to invest in its old, lousy oil fields. We have to do these professionally and on a competitive basis," Ashti Abdullah Hawrami told Dow Jones Newswires at the Dubai meeting.

He also said proposals to the draft law that would give the Iraqi National Oil Co. control over 90 percent of the country's oil reserves threaten the law's approval.

Iraq sits on 115 billion barrels proven oil reserves which make it the world's third-largest, but Iraq has lagged in exploration technology.

Meanwhile, CBS News reporter Larry Miller reports that Iraqis could be sitting on nearly twice as much oil as previously thought, according to a comprehensive new geological study.

A report in Thursday's Financial Times says there could be 100 billion barrels in Iraq's western desert region that no one knew about.

If accurate — and the country's violent conflict can be resolved — Iraq would leapfrog Iran and become the world's second largest oil producer, behind Saudia Arabia, reports Miller.

Currently, only one third of Iraq's oilfields are productive. Oil officials say around $25 billion in foreign investment is needed to reach full potential.

Iraq exports about 2 million barrels of oil every day, of which about 1.6 million barrels are exported through the port of Basra and some 300,000 are pumped from the northern city of Kirkuk to the Turkish port of Ceyhan.

Oil production has plummeted since the U.S.-led invasion in March 2003 as the oil pipelines have faced repeated insurgent sabotage, attacks on maintenance crews, alleged corruption, theft and mismanagement.

[neoconrcrazy]

Where are these massive oil revenues?

Who is buying the crude oil?

How much is being exported?

What are the export prices?

Does anyone know ????

Or does this information belong to executive privledge?

[bluestardad]

PLEASE READ ATTACHED ARTICLES WE CAN IMPEACH BUSH CHENEY!

According to a Washington Post/ABC News poll conducted in June, 52 percent of Americans now believe the President deliberately distorted intelligence to make a case for war. In an Ipsos Public Affairs poll, commissioned by AfterDowningStreet.org and completed October 9, 50 percent said that if Bush lied about his reasons for going to war Congress should consider impeaching him. The President's deceit is not only an abuse of power; it is a federal crime. Specifically, it is a violation of Title 18, United States Code, Section 371, which prohibits conspiracies to defraud the United States.

http://www.democrats.com/node/12313

http://www.thenation.com/doc/20051114/delavega

If you think Americas sacrifice is worth it contact your ELECTED OFFICIAL and tell them http://www.visi.com/juan/congress/

The House Speakers email address: [e-mail]

[e-mail] Here is the Republican Party email address too!

[e-mail] Here is the Democratic Party email address also!

[pwrslm]

hya bluestardud

would you kindly show us exactly what the crime was?

its pretty simple, all you need to do is post the link to a fact filled article that documents these lies....if one exists

until then, ill just figure you as a simpleton, you know, a sheeple that cant think for himself

ya, just a follower of brother john burch

of course, the brother is a demoncrap too, no?

[winchester59]

I'm with you bluestardad and I am proud to be a Demoncrap as pwrslm called you. Rather be a Demoncrap than a RepubliCON....(Con Artist)

Headlines coming to America

DEMOCRATS RETAKE WHITEHOUSE
HOLD ONTO HOUSE AND SENATE

smile pwrslm.......it's almost Friday......lmao

[gkc99]

"A report in Thursday's Financial Times says there could be 100 billion barrels in Iraq's western desert region that no one knew about."

No one knew about? Except Bushit and his handlers when they plotted this optional war?

This "Hydrocarbon Law" is the real reason the multinationals are sponsoring the U.S. fascists in their occupation of Iraq.

The reason the Fascists (I mean Neocons) have no exit strategy--they have no intention of exiting Iraq. The plan is for a permanent U.S. military presence in Iraq controlling the known and "unknown" oil fields--forever.

Better work on your suntans high school boys and girls--a lot of you will have to go to Iraq to hold it for the Anglo-American Oil Company.

[pwrslm]

smile pwrslm.......it's almost Friday......lmao
Posted by winchester59

I am smiling, I always smile when simpletons endorse each other. I notice the only thing you didnt address fell under the facts of the immaterial lies that your bluedude pushes. Obviously, the old shoe fits rather nicely on you, dont you agree....eh, ner' mind, don answer dat question, it would take up too much brain juice, and we all see your runnin low on dat enyways.

[bluestardad]

I want to know who is being held accountable for several of the out right theft and blunders in Iraq being perpetrated under the shade of the Fog of War. These thefts include but are not limited to; the Slant drilling being done by Saudi Arabia and Kuwait in Iraqi Oil reserves, the theft of OIL during production and sale by not having meters on the line to account for the oil that is processed thru the line, and the remaining billions of dollars that have no audit trail from the 363 tons of money, indigenous Iraqi money found in Iraq, and the 4 billion American tax dollars that was sent to Iraq?

Associated Press: Reports Slant Drilling

Here is one of many articles that support the claim of the Oil being stolen from Iraq during the chaos of this war.

Iraqis Accuse Kuwait of Stealing Oil
By BASSEM MROUE, Associated Press Writer
Tuesday, August 2, 2005
(08-02) 12:48 PDT BAGHDAD, Iraq (AP) --
Iraqi legislators accused Kuwait of stealing their oil as well as chipping away at their national territory on the border %u2014 allegations similar to those used by Saddam Hussein to justify his invasion of Kuwait that began 15 years ago Tuesday.
An Iraqi delegation was scheduled to head to Kuwait on Wednesday discuss the incidents along the Kuwaiti border
"There have been violations such as digging horizontal oil wells to pump Iraq oil," legislator Jawad al-Maliki, chairman of the parliament's Security and Defense Committee, told the National Assembly on Tuesday.

[killtheliars]

I am hoping the Iraqi lawmakers have enough guts to reject this legislation and keep all of the British and U.S. based milti nationals out of Iraq.
Those people do not owe us anything, they never asked Bush to invade, and the U.S. government should not be dictating who gets control of the oil. The U.S. mainstream media needs to explain in detail how the P.S.A.s, that the U.S. controlled coalition authority drew up, work. Then it will become even more odvious that the invasion of Iraq was done with the specific intent of stealing resources.

[gkc99]

didntinhale--

Maybe try inhaling next time?

Or have you already gotten your cyanide from the fascist Koolaid you've been drinking?

[winchester59]

pwrslm

and what RepubliCON school did you attend???

[lars008-2009]

Demonstrators display a banner that reads "Solidarity against fascism. We are all Christians" and hold placards that read: "Let's defend living together" during a protest in Istanbul, Turkey, Wednesday, April 18, 2007, following an attract to a publishing house in eastern Turkey.
Turkey Detains 5 In Bible Shootings
http://www.cbsnews.com/stories/2007/04/19/world/main2703596.shtml

FASCIST NAZI ISLAM / PERFECT EXAMPLE OF FASCISM!!!

Fascist nazi islam is intent on killing or enslaving all non muslims......

The most notable characteristic of a fascist country is the separation and persecution or denial of equality to a specific segment of the population based upon superficial qualities or belief systems.
Simply stated, a fascist government always has one class of citizens that is considered superior (good) to another (bad) based upon race, creed or origin. It is possible to be both a republic and a fascist state. The preferred class lives in a republic while the oppressed class lives in a fascist state.
http://www.couplescompany.com/Features/Politics/Structure3.htm

[toldyouso21]

"It was designed to create a fair distribution of oil profits to all Iraqis and it is perhaps the most important piece of legislation for Iraq's American patrons. "

rotflmao. I like that. We invade a country based on lies. Kill, bomb them, torture some and incarcerate them. Occupy their country--and now...we are not invaders, occupiers or even "heros" and "saviours" any more. In the spirit of true corporate sensibilities--we, the people who initiated a war and unleashed mayhem in their country are called PATRONS. And we'd also like to thank them for giving Graham 3 prayer rugs for 1.00 a piece (he left a 17.00 tip). How pathetic and bizarre have we become?

[jjreding-2009]

We all know that the Sunnis are going to be the losers in any oil legislation that is passed and that will spark a fresh round of violence. If Bush is sincere in his prattle about how he wants things to be evenly divided, he'd better weigh in NOW before the legislation is passed and the Sunnis are left out of the picture.

[tank611]

QUOTE:

'the main reason to invade was to remove or steal the oil from saddam'

The war in Iraq is about preventing another 9/11 type attack by installing democratic governments throughtout the Middle East,starting with Iraq.

Arab countries support Bush's new strategy:

January 26,2007

KUWAIT (Reuters) - Moderate Arab states told the United States on Tuesday they supported President George W. Bush's plan for a military buildup in Iraq, hoping it would halt a slide to civil war.

Foreign ministers of six Gulf Arab states, Egypt and Jordan, all concerned that chaos in Iraq could spread to the entire region, expressed their backing for the 20,000 extra troops at talks with U.S. Secretary of State Condoleezza Rice in Kuwait.

"We expressed our desire to see the president's plan to reinforce American military presence in Baghdad as a vehicle ... to stabilise Baghdad and prevent Iraq sliding into this ugly war, this civil war," Kuwaiti Foreign Minister Sheikh Mohammad al-Salem al-Sabah told a joint news conference with Rice, who is on a regional tour to marshal support for Bush's plan.

http://www.swissinfo.org/eng/
international/ticker/detail/
Gulf_Arabs_Egypt_Jordan_back_U_S_plan_on_Iraq.html?
siteSect=143&sid=7437807&cKey=1168989984000

[jpesot]

Unofficial transcript from Cheney's secret Energy Summit:

Oil guys: Is there anyway we can get our hands on all that Iraqi oil?

Cheney: Let me see what I can do about that.

Meeting Adjourned.

[dr1jr11]

HEADS UP, pay attention!! THE problem with the Iraqis coming to an agreement with the way their oil is handled is this: we, the U.S., want 70% or more of it for our big oil companies. It's not entirely a disagreement between the Sunnis, Kurds, and Shiites---it's US. No other country around them has turned their oil over to an outside nation---their oil companies are nationalized and the profits are THEIRS. We're almost holding Iraq hostage with their country in civil war and disintegrating unless they agree to OUR terms for how their oil is managed (to benefit OUR big oil companies), i.e., to turn their nationalized oil system over to private foreign corporate control---that's US, their "friendly" foreign "liberators." For details see TomPaine.com, Jan.19,'07, Antonia Juhasz.

[wayfedup]

The most notable characteristic of a fascist country is the separation and persecution or denial of equality to a specific segment of the population based upon superficial qualities or belief systems.
Simply stated, a fascist government always has one class of citizens that is considered superior (good) to another (bad) based upon race, creed or origin. It is possible to be both a republic and a fascist state. The preferred class lives in a republic while the oppressed class lives in a fascist state.
http://www.couplescompany.com/Fe
atures/Politics/Structure3.htm
Posted by lars008 at 12:30 PM : Apr 19, 2007


Well lars008;
Did you jump ship, or WHAT?! You have just described the difference between Repukes and Democrats! Repukes(haves) Democrats (have-nots).
Fascists(Repukes) all others, (serfs).
Did you stop taking your Koolaid?

[mh4cbs1]

"The war in Iraq is about preventing another 9/11 type attack by installing democratic governments throughtout the Middle East,starting with Iraq."
Did someone actually post this complete Nonsense??

Talk about living in ignorant bliss, fueled by FOX news.

The Iraq War has NOTHING to do with Democracy. It wasn't even one of the LIES that Cheney and Bush told as a pretext to their Invasion. "Democracy" was an afterthought, when all hell started to break loose, and they needed some new PR cover.

Since when did the US EVER care about Democracy in other nations?? Saddam was our friendly dictatorfor years. Our CIA overthrew Mosaddeq to install another brutal dictator 'The Shah of Iran", who was finally overthrown by fundamentalists, whose strength had grown from hatred of the Shah and the US. We support the dictator of Egypt, as well as Saudia Arabia. We have sponsored countless coups and death squads South of our border.

So don't by the fake "Demcracy" argument. It is just as fake as the fake WMDs, fake links to Al Qaeda, fake mushroom clouds, fake Niger uranium, fake bio-mobile labs, fake aluminum tubes, fake "intelligence sources", fake color-coded terror alerts....

If you love America (and are awake) you will demand impeachment and JAIL for Cheney and Bush. Lying, murderous thugs!