There is since the days of legal slavery, probably no worse example of theft written into law than the proposed new Iraqi oil laws will be when passed. Written first in English by the US oil companies and their US government co-conspirators, they were recently re-translated back into our home tongue from Arabic by an Iraqi blogger, Raed Jarrar. Key word here is PRIVATIZATION, and it won’t be for the benefit of any minuscule Iraqi companies still in existence.
To the hundreds of billions of tax payer dollars already robbed from the US treasury for the benefit of the US armament crowd, like CS homey company Lockheed et al, now will be added hundreds of billions of dollars to be robbed by corporations like Halliburton and Exxon-Mobil from the decimated people of Iraq. A perfect picture of modern predatory capitalism in action. Sick. See Democracy Now- New Iraqi Oil Law to Open Iraq’s Oil Reserves to Western Companies
