Iraq's Oil Issues Beyond Palo Alto, posted by Jag Singh, a resident of the Duveneck/St. Francis neighborhood, on Jan 25, 2007 at 11:17 am
In breaking news, the London (UK) Independent has published details of a new law – the ‘Hydrocarbons Law’, drafted to ensure the ‘sale’ of Iraqi oil on terms extremely favorable terms to US & UK multinational oil companies. Greg Muttitt, of Platform, a human rights and environmental group that monitors the oil industry, was highly critical of the tight provisions in the new law which would effectively weaken Iraq’s possession of its precious resources for the next 30 years. The law was drafted by BearingPoint, an American consulting firm which has been granted highly lucrative contracts in Iraq. News of the leaked document has been condemned throughout the world as an unprecedented giveaway and exposes unequivocally the real purpose of our misadventure in Iraq.
This new law, which the weak Iraq government was made to accept under duress, will only heighten tensions and intensify the anger towards the US and its illegal occupation.
More US soldiers will be placed in harms way due to the unrelenting greed of multinational oil companies and other war profiteers aided and abetted by our morally bankrupt government. The only way to stop this madness is for the silent American public to break its silence. Our lawmakers need to hear are angry voices.