Ahem- The Bushidiot's war was about oil.

[Michael Tee]

Supporters say the provision allowing oil companies to take up to 75 per cent of the profits will last until they have recouped initial drilling costs. After that, they would collect about 20 per cent of all profits, according to industry sources in Iraq. But that is twice the industry average for such deals.



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Why?

Why are they offering such a deal that is twice as sweet as other companys are getting in nearby oil feilds?

Is the danger that high?

If I were a member of the Iriqui parlement I would want an explanation .

"If I were a member of the Iraqi parliament, I would want an explanation."

ROTFLMFAO.  plane, you're hilarious.

[BT]

What I want has nothing to do with it.

Sure it does. You are the one making the statements.

[Michael Tee]

The US is purposely keeping Iraq a dangerous place to do business for oil companies.  The French and Russia companies don't have militaries there to protect their operations.  The US does.

That is why Bush is so deadset against ending the war in Iraq.  If he were to do that, he'd be the next Kennedy.  Anybody who crosses Big Oil gets a one way ticket to Grave City. 

If everything is in the crapper in Iraq, none of the other "Western countries" are going to try getting their grubby little fingers dipped in that sweet, sweet Texas Tea.

<<If everything is in the crapper in Iraq, none of the other "Western countries" are going to try getting their grubby little fingers dipped in that sweet, sweet Texas Tea.>>

There was a recipe for trout (Izaak Walton's, IIRC,) which began something like, "First you have to catch your fish."  Assuming that the U.S. is ultimately successful in "catching its fish" (slaughtering the Iraqi nation into subjugation) they may in fact throw a few minor concessions to some of the other Western countries, (a) to "prove" to the idiot contingent that it really wasn't about oil (even though anyone with an IQ higher than the average house plant's knows that it WAS all about oil); and (b) as small change in the favours bank.

Hopefully, it won't end that way, and the Iraqis will continue their valiant fight to drive out the oil crusaders and still be the masters of their own natural resouces after the last American body bag leaves their country for good.

[Plane]

"Agreement has been reached on sharing oil revenue on a per-capita basis, a benefit for Sunnis who live mostly in areas with less production. A deal also has been struck that recognizes the power of regional authorities, such as the Kurdish Regional Government, to award oil contracts, but establishes a national petroleum commission with the power to review contracts within 60 days. A "revamped" national oil company would continue to manage existing production while new regional affiliates would participate in new exploration and production."


http://www.msnbc.msn.com/id/16781026/

Outstanding issues include how much oil revenue will go to the central government; a charter for the new national oil company; the role of the oil ministry; and the principles upon which the new commission could reject regionally negotiated contracts. Also unsettled is whether the commission will require a simple majority vote or a two-thirds vote to reject a contract's terms. Those provisions must all be part of one package with the petroleum law, Kurdish leaders said.

If the Shia-dominated Iraqi central government spends heavily on its own projects, it could deny the Kurds and other regional authorities significant shares of oil revenue."

This law has been very hard for the Iriquis to write, they are still busy at it.