Quote Originally Posted by fishman3811
As the anti-war protestors began putting away props and heading to the nearby weekly peace vigil sponsored by the American Friends Service Committee, I asked Grubler how he felt Iraqis would fare if this law passes. Grubler said, "If that happens, the law will give the Iraq National Oil Company exclusive control of only 17 of Iraq's 80 known oil fields, leaving two-thirds of known reserves and all of its as yet undiscovered reserves open to foreign control for at least a generation. Iraq will lose hundreds of billions of dollars in oil revenue and tens of thousands of much-needed jobs. Most Iraqis have been kept in the dark about this law and, possibly, if protestors in the U.S. and England make enough of a stink the people of Iraq will finally hear about it through international media."

17 of the 80........VERY true! Only 17 were in good enough of shape to keep running, the rest had to be capped off.

Iraq's five trade union federations, representing hundreds of thousands of workers, have opposed the law via a statement rejecting "the handing of control over oil to foreign companies, which would undermine the sovereignty of the state and the dignity of the Iraqi people."
They have NO money for internal investment.....if not for outside investment they'd wouldn't be developing nothing.

By the way, this article shows NO figures as to revenue distribution.

Have a good one!:s4: