In a blow job of a piece on Former Iraqi Prime Minister Ayad Allawi & CIA stooge he says:-
In an interview with The Associated Press last week, Allawi said the U.S.-backed draft oil law has the potential to “cause a severe backlash in society.”
The draft law, designed in part to create a fair distribution of oil profits to all Iraqis, is perhaps the most important piece of legislation for Iraq’s American patrons. But the measure, which would give foreign companies some access to the country’s enormous oil reserves, has not yet been put before parliament.-
Er, is he actually on the same planet as us? Is this a parallel Iraq where the oil law wasn’t an imperial atrocity written by big oil/Bushco? –
Vice-President Dick Cheney, who said in 1999, while he was still chief executive of the oil services company Halliburton, that the world would need an additional 50 million barrels of oil a day by 2010. “So where is the oil going to come from?… The Middle East, with two-thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies,” he said.
Oil industry executives and analysts say the law, which would permit Western companies to pocket up to three-quarters of profits in the early years, is the only way to get Iraq’s oil industry back on its feet after years of sanctions, war and loss of expertise. But it will operate through “production-sharing agreements” (or PSAs) which are highly unusual in the Middle East, where the oil industry in Saudi Arabia and Iran, the world’s two largest producers, is state controlled.
Opponents say Iraq, where oil accounts for 95 per cent of the economy, is being forced to surrender an unacceptable degree of sovereignty.-
The AP provides copy for thousands of news outlets so one bad or bought hack can have immense influence, worse still stories may not be credited to a named writer so you may not know you are reading Stevie boy’s hapless fantasies.