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Winning the "hearts and minds"

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SHRED Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-05 09:07 PM
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Winning the "hearts and minds"
Edited on Wed Nov-23-05 09:14 PM by SHRED
But we are trying to "liberate" them...right?
Apparently from their oil.

So the oil revenues won't "pay for the rebuilding", like the Bu$hies said?
Surprise!
Our brave men and women are fighting for the Multi-National Corporate bottomline.
Surprise again!
--------

Iraqis miss oil fortune: report
Nov 24 06:53
AFP

Up to $US194 billion ($263 billion) in Iraqi oil revenues are going to multinational oil companies under long-term contracts, and not to the Iraqi people, a social and environmental group said.

In a report, the group known as Platform said that oil multinationals would be paid between $US74 billion and $US194 billion with rates of return of between 42 per cent and 162 per cent under proposed production-sharing agreements, or PSAs.

"The form of contracts being promoted is the most expensive and undemocratic option available," Platform researcher Greg Muttitt said.

"Iraq's oil should be for the benefit of the Iraqi people not foreign oil companies."

Muttitt added: "Iraq's institutions are new and weak. Experience in other countries shows that oil companies generally get the upper hand in PSA negotiations with governments.

MORE >>> http://afr.com/articles/2005/11/24/1132703276123.html
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