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Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.
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Thursday February 07, 2008 11:47
by Miriam Cotton
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Jump To Comment: 1Now where have we heard this before?
"Written by Bush and Blair's big oil business partners who serve as the leaders' advisors on foreign policy, the new Iraq hydrocarbon law opens the door for international investors, led by BP, Exxon and Shell, to siphon off 75 percent of Iraq oil wealth for 30 years. This economic model is called a "Production Sharing Agreement." But is a 75/25 split, with bloated oil companies taking 75 percent of the country's wealth and leaving just 25 percent for the devastated Iraqis, a sharing agreement or an armed robbery? "
More info here:
http://www.worldproutassembly.org/archives/2007/02/iraq....html