9.25.2007

An oil deal, in Iraq, with no national oil law, during a war....surely you jest!

Iraq + War + Oil + Texas oil company + "W" fundraiser = "war for oil" / (Greenspan comments + JC Watts comments)

Well there's a quaint little equation. Uh oh, it must be one of those conspiracy theories, huh?

Here's a headline from CBS News: "Texas Co. Signs Iraq Oil Deal With Kurds" and directly underneath it: "With No National Iraq Oil Law Passed, Kurdistan Region Makes Its Own Rules."

Hunt Oil Company, from Texas, is hunting for Oil in Iraq's Kurdish region, despite the fact that most "major international companies have sat on the sidelines, not only for security reasons but because of the absence of legislation governing the industry and offering protection for investments."

Oh, and look at this paragraph:
"Hunt, who is also on the board of Halliburton, has been a key fundraiser
for President George W. Bush, who named him to the President's Foreign
Intelligence Advisory Board."

But what's been going on with the national oil law in Iraq? Oh, this paragraph explains it:
"A draft oil law for all of Iraq has been bogged down for months, in part
because of disputes over who will control the proceeds."

So what does the central government in Baghdad think of this oil exploration? Let's see:
"In August, however, the Kurdish self-governing region in northern Iraq
enacted its own law governing foreign oil investments. The move angered the
central government in Baghdad, but the Kurds are determined to push ahead with
oil exploration."

Angry? Iraq's central government? Say it ain't so.

Of course, they could all just take another month off work, I suppose.

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