So ironically, a contract on oil law in Iraq (essentially going to divide up the oil contracts, one going to Hunt Oil company in Dallas) has fallen apart. I say ironically because oil (a.k.a. 'liberty') was the reason for going into Iraq, in my opinion, and now it should be at least another six to eight months until American TNCs can get a piece of the pie.
The central element of the compromise was agreed to in February after months of difficult negotiations among Iraq’s political groups.
The main parties in those negotiations were Iraqi Kurds, who were eager to sign contracts with international oil companies to develop their northern fields; Arab Shiites, whose population is concentrated around the country’s southern fields; and Arab Sunnis, with fewer oil resources where they predominate.
And now, because of complicated company policies, the proposal has essentially fallen apart.
*snicker*
1 comment:
At the start I didn't think that oil was the main reason for the start of the war but I think that is what it's turning into. Now that Saddam is done with why else would we be staying over there? It's the fact that our politicains must think now that we're in we might as well take all we can get and just play it off as liberty. Now,to clearify, I don't think oil is the only reason. Oil is just the main reason among other's.
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