Reply #20: Iraq Oil Law..Edwards has remained silent on this issue and even [View All]

[slipslidingaway]

paid for a TV ad about the supplemental bill that made the passage of the draft Oil Law one of the benchmarks.

He could have spoken out against the draft Oil Law, he did not.

Is he really the anti-corporate candidate???

:shrug:


http://www.commondreams.org/archive/2007/06/14/1866/

"...It is being sold to the American people as a way to equalize revenues to various segments of Iraqi society.

But the true reason for it is to line the pockets of U.S. oil executives.

“The law would transform Iraq’s oil industry from a nationalized model closed to American oil companies except for limited (although highly lucrative) marketing contracts into a commercial industry, all-but-privatized, that is fully open to all international oil companies,” Antonia Juhasz, author of “The Bush Agenda,” wrote in an op-ed for The New York Times on March 13.

“The Iraq National Oil Company would have exclusive control of just 17 of Iraq’s 80 known oil fields, leaving two-thirds of known—and all of its as yet undiscovered—fields open to foreign control,” Juhasz wrote. “The foreign companies would not have to invest their earnings in the Iraqi economy, partner with Iraqi companies, hire Iraqi workers or share new technologies. . . The international oil companies could also be offered some of the most corporate-friendly contracts in the world.”