Quote Originally Posted by medicinal
There are no signed contracts as of this date, you are right, But, there are a lot of things going on under the table and you can bet that the USA and big oil Wont let the Iraqi oil slip through their fingers!.

I'm sure we'll eventually have companies in there but as for now.....it's not the U.S. We'll see what the Iraqi Legislature does with this. The way it looks.....I think compromises are still in the future.



The Bush administration has co-opted the compassionate language of debt relief to ensure that Big Oil gets its way in Iraq. Editor's note: This is the second part of a series on the struggle for control of Iraq's oil resources and self-determination. Go here to read the first installment.
Good article.......gave a little different spin on the debt relief. I recall initially that the Arab States wouldn't do debt relief untill there was an actual elected government recognized by the U.N. Then they stated that they wouldn't do it unless the exchange rates for Iraqi currency were somewhere in the mid-range of that region....between .33:1 to 3.29:1. Also, recently at a meeting with the League of Arab Nations it was a unanimous vote for the recommendation for complete debt forgiveness.......I'll try to find the link. LOL

Have a good one!:jointsmile: