What is of concern is how much of the oil profits are going to be shared amoung the Iraqis.

The deal the energy guys laid out for the Venezuelains was that Venezuela got 16% (for decades) of the profits, oil guys get 84% profits. And the big sin that Chevez did was to claim 30% (he didn’t nationalize HIS countries oil, he just demanded a better share). The oil guys still get 70%. Greedy pigs I’d say. One soesn’t see these oil guys doing any public works with the profits they make.

So now under the American gun, the Iraqis are made to sign away most of the profits from their own oil, and these pansy assed writers are making out like the big deal now is how they share those pitances within their provinces. What unmitigated stupidity to not tell the whole story and therby lie to us. Guess what.........there will be retaliation in the future and who will tell the truth then??? (they hate our freedoms,..... horse pukky!!!! )

This whole invasion and occupation has been for, by and of the energy guys and you 4th rail guys just let them get away with daylite robbery. You stink to high heaven and there is a hell waiting for lackeys like you.

As an example that I am proof that a little bit of knowledge is dangerous, I view the ‘oil revenue sharing plan’ as a nexus in the Iraqi/US saga.

So, curl up next to the fire with your favorite bunny slippers, a cup of hot cocoa and warm blankie and watch the fallout from the “scheme for foreign investment”.

It could be interesting. Or not.

The devil is in the details.  This deal may or may not solve the sectarian crisis.  But what it will do is institutionalize what Bush and his bunch have been seeking since 1991: control of the oil.  The ordinary Iraqis who support this deal are liable to be very surprised when they wake up and discover that their leaders have signed away all future ownership of their own natural resources. The bribed ruling elite, on the other hand, will be delighted, because they wil live in luxury in Saddam’s old castle.

#55643

It would be a first if the oil companies weren’t profitting from the Iraq venture.  The industrialized West has been raping and pillaging poorer countries for their natural resources for many years. 

There is in place what is called a Production Sharing Agreement whereby foreign companies will end up in control of 64-84 percent of Iraqi oil.  (In Latin America, PSA’s gave domestic governments royalties of 1 percent of their natural gas revenues.) Iraqis will be lucky if they wind up with a 5 percent share of their oil revenues because of that PSA agreement.

where in your article do you explain how the oil companies are taking most of the profit in this venture? Where in your article do you explain how this war was fought for oil?

Oil sharing deal is close to blood sharing deal.
Just ask Bush/Cheney they know well about these deals.