Kurds Say They Will Oppose Draft Oil Law

[KennedyGuy]

http://www.newsday.com/news/nationworld/world/wire/sns-ap-iraq-oil-kurds,0,469608.story?coll=sns-ap-world-headlines

More Progress..Chimp style..

"Kurdish lawmakers plan to oppose U.S.-backed legislation to regulate Iraq's oil industry, claiming the government is seeking a greater voice in revitalizing one of OPEC's former heavyweight producers, a Kurdish official said Monday.

Kurds hold 58 of the 275 parliament seats -- not enough to defeat the measure on their own. But Kurdish objections could delay passage of the bill, whose ratification has been strongly urged by the White House and senior U.S. military officials as a major step toward national reconciliation".

"In February, the Kurdish bloc agreed to support the draft bill, which would distribute oil revenues among Sunnis, Shiites and Kurds. The measure was endorsed by the Iraqi Cabinet, but without some technical provisions"

[WCGreen]

1. Looks like the Kurds are in the Way again...

Will they never learn...

[Old and In the Way]

2. I keep hearing how these oil laws are designed to share the oil amongst Kurds, Shia, and Sunni

in the proportions that their numbers reflect. But that's only the 20% of the profits after the investments are paid back. The other 80% goes to Big Oil. Hmmmm, perhaps this is why Congress is taking a 2 month vacation. I'm amazed there are not more discussion about these "oil laws". Maybe then we'd understand why we've made a $500BB investment in taking over Iraq.