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What are oil companies giving us back for giving them oil contracts in Iraq?

The Bush-backed government of Iraq gave no-bid oil contracts to American big oil companies this week (along with some to a few other countries). Bush is still pushing a Hydrocarbon Law on the Iraqis that gives up to 88% of their oil wealth to big oil companies, and a security treaty that gives us permanent bases in the country to defend big oil's contracts and enforce the terms. All of that is costing us thousands of soldiers lives, will cost three trillion of our tax dollars according to Nobel Prize winning economist Joseph Stiglitz, and at a minimum, hundreds of thousands of Iraqi lives. What are oil companies giving us BACK for all that? Have you read the draft of the Hydrocarbon Law available or that it was written by a consulting firm hired by Bush? http://web.krg.org/uploads/documents/Draft%20Iraq%20Oil%20and%20Gas%20Law%20English__2007_03_09_h17m2s47.pdf An explanation for laymen: http://www.latimes.com/news/opinion/la-oe-juhasz8dec08,0,4717508.story?coll=la-opinion-rightrail Iraqi oil workers dislike it so much they have threatened to mutiny if it passes. http://www.upi.com/Energy/Briefing/2007/07/20/iraq_unions_vow_mutiny_over_oil_law/4324 Bush threatened to fire their prime minister if it didn't pass. http://www.iht.com/articles/ap/2007/03/13/africa/ME-GEN-Iraq-Oil.php Oil companies tried to bribe members of parliament with millions of dollars each if they would vote for it, and they refused, knowing they would be screwing their own people. http://translate.google.com/translate?u=http%3A%2F%2Fwww.akhbar-alkhaleej.com%2Farc_Articles.asp%3FArticle%3D221558%26Sn%3DWORL%26IssueID%3D10903&langpair=ar%7Cen&hl=en&ie My link to the oil law above didn't come out right. Hope this one works. Look at article 34 for how much of the oil income it gives Iraqis. For comparison, Saudi gets a 50/50 split. http://web.krg.org/uploads/documents/Draft%20Iraq%20Oil%20and%20Gas%20Law%20English__2007_03_09_h17m2s47.pdf As for oil companies giving us gas, it's true they deliver it, but at what cost? If you had to pay for the Iraq War and our general military presence in the Middle East at the pump instead of in your income taxes, you would see what we are giving them for free. They have the right to make money, but not to take our country to war to give them control of more oil reserves. They certainly don't have the right to take us to war to keep the price HIGH as OIL & GAS JOURNAL said was necessary in 2002 and as Bush assured Putin that the war wouldn't lower prices. http://professorsmartass.blogspot.com/2007/03/oil-too-cheap-if-no-iraq-war-says-oil.html As for supporting the troops, I support their right to life, to not be put in danger unless our security is actually at stake, and to be properly cared for and supported when they get home. The Bush administration seems to support their right to be cannon fodder to use as he pleases to enrich his friends.

Public Comments

1. 4.00 a gallon gas prices.
2. The ability to buy gas for $4.00 a gallon.
3. Ummmmm Gas?
4. Since you are mis-informed, ignorant of the facts, stupid or just the typical Hate-Bush democrap. perhaps you should READ what the truth is. Bush pushing a hydrocarbon tax? US oil companies got contracts? You are a Hate-Bush operative!
5. How about oil, dumbass? In spite of the very stupid logic behind the question, don't you embrace that you actually can enjoy oil for energy? WTF has oil companies ever done to you, other than sell a product? That's hardly evil, as it's a perfectly fine contract between you and the company, as with any other sale. But sure, let's just remove all forms of oil companies, and let's live in a perfect world where neither cars, planes, electrisity, internet or freedom exists. Oh, I forgot - you like their product, you just can't handle they actually makes money from it. NEWSFLASH dumbass, it's taxes that's sucking in the big money for the government. Damn, stupidity all over.
6. The shaft ,over priced gasoline and fuel oil ,a recession a fucked up world image and a hole we can never dig out of
7. The U.S. isn't giving the contracts Iraq is. And where is it written that the Iraq government has to put the contracts out for bid. The oil companies don't owe us(the American people) any thing because we didn't do any thing to help them get the contracts and we will not do any thing to prevent it.
8. stop driving a car, riding a bus, a taxi , stop using electricity etc etc and then come back ask this question.
9. Thousands of flag draped coffins, and hundreds of thousands of men and women whose physical and emotional health has been negatively altered forever.
10. higher prices and more profits. I think exxon mobil is currently richer than walmart and that is pathetic!
11. I love how you Bush hating libs tout lives lost but hate the military men and women who VOLUNTEERED. We've lost less life in all the year fighting the War on Terror than was lost in a single day in most wars we've fought. Does that mean we should have fought none of those? Your facts are wrong. Bush and the US doesn't give contracts, the government of Iraq does. You lefties keep touting Bush/Oil but I've never seen a single shred of proof. Don't you think that someone would have turned up something in all the years of hatred you've allowed yourself to waste? Just because Bush used to be involved in the oil industry doesn't mean he's throwing the entire economy into shambles because he has some secret slush fund. Good grief... listen to yourselves! Your arguments are so tiringly pathetic it's almost funny, except you really believe it... and that's frightening.