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Will PSA's signed by the interim government in Iraq be valid?

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harlinchi Donating Member (954 posts) Send PM | Profile | Ignore Wed Dec-21-05 08:31 AM
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Will PSA's signed by the interim government in Iraq be valid?
PSA's or production sharing agreements in my opinion, are one of the 'freedoms' for which the administration-identified terrorists 'hate' us. Venezuela is getting out from under the boot heel of PSA-type agreements with Exxon/Mobil, to the evident dismay of that corporation. Iraq, or those Iraqi leaders we installed to facilitate the so-called transition to democracy, have apparently signed, or intend to sign PSA's with US-based multinationals, to the detriment of their local economy.

It seems somewhat illegal for the US to have installed a government in Iraq, to then sign agreements that do not benefit Iraq but do benefit US-based multinationals and then to be prepared to use our massive military to ensure that the Iraqi-adverse terms of the PSA are enforced. I read that the amount of dollars involved in this current rip-off rises as high as $200 billion. Chunks of money that large would do much to enable a fledgling democracy to get a more firm grip on its circumstances. Removal of such an amount, conversely would do much damage to the same cause.

From the Berlin conference of 1884-85, through the exploitation of the Middle East for the sake of oil, through the acquisition of resources in Venezuela (now being reclaimed for the Venezuelan people, with the Bush administration howling loudly), PSA-type agreements have caused much of the world to have a gripe against us. We in America will have trouble throughout the world as long as we use the PSA model of exploiting the world's resources, and, more to the point, it's people.
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harlinchi Donating Member (954 posts) Send PM | Profile | Ignore Wed Dec-21-05 09:42 AM
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1. Is no one interested in the rip-off of Iraq to occur soon? n/t
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welshTerrier2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-21-05 09:54 AM
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2. i hope the "new government" voids the agreements
it's outrageous that PSA's were entered into with the interim government ... the PSA's were clearly rushed through because BIG OIL, and the bush WH, knew that the new government would pose risks to their theft of Iraqi oil ...

it seems like the PSA's were heavily backed by the US puppets, Alawi and Chalabi ... Alawi has already been squawking that there was fraud in the election ... i doubt he did very well ...

until the Democratic Party makes an issue of PSA's and the self-serving role BIG OIL has played in US policy in Iraq, nothing will change ...
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harlinchi Donating Member (954 posts) Send PM | Profile | Ignore Wed Dec-21-05 10:40 AM
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3. I hope so, too. I suspect, though, that military intervention will...
...follow very quickly, if they do. I remember Chalabi was the initial minister of the Oil ministry, a position which was supposed to rotate. Has it rotated to anyone else?

I suspect Chalabi's fall from and return to grace was orchestrated, intending to display his independence from Cheney et al. The squawking of Alawi and Chalabi has a distinct sour grapes taste to it.
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