Multinationals, not Iraqis, to reap oil fortune: report

http://news.yahoo.com/s/afp/20051122/wl_mideast_afp/iraqbritainoilbusiness_051122113953;_ylt=ApsqG4zAaEw_D0haBTbupb4UewgF;_ylu=X3oDMTA2ZGZwam4yBHNlYwNmYw--

Gee, here's something we never could have predicted! :eyes:

LONDON (AFP) - Up to 113 billion dollars (96.6 billion euros) 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 alleged.

The group known as Platform said that oil multinationals would be paid between 74 billion pounds (43 billion dollars) and 194 billion pounds (113 billion dollars) with rates of return of between 42.0 percent and 162.0 percent 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 Tuesday.

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


Gee, do you think? I'd REALLY like to see the minutes from Cheney's "energy summit". Why, I bet they just about overlap with the way the U.S. has carved up the Iraqi oil fields. Go figure!

people to start a war. Do ya think?

"The terrorists want to control the oil. Our way of life will be at risk". George W. Bush (Nov. 2005)

why we want to Bring our Troops home. No blood for oil!

:wow: