Is there any question left who the majority of Democrats are working for? :grr:
http://www.iraqoillaw.com/http://action.priceofoil.org/campaign.jsp?campaign_KEY=6978&t=wide.dwtU.S. President Bush may be right: Iraq's oil law, although highly controversial, could be a "benchmark for reconciliation."
When Iraq's council of ministers last week suddenly approved the law, critics of various stripes united in opposition. Shiite and Sunni political parties alike denounced it, vowed to defeat it, even threatened to ensure Parliament can't take it up. It is seen by some as weakening the central government and giving too much to foreign companies.
Iraq depends on the sale of oil for the vast majority of its federal budget. It's infrastructure badly needs investment to boost production. A law governing the world's third largest reserves -- and a sizable amount of natural gas -- has been as elusive as security there.
http://www.alternet.org/waroniraq/56513/Congress adopts the president's benchmark
By the time the Congress took up the issue of funding the war in May, public awareness of and opposition to the oil law both in Iraq and the United States had grown substantially. Congress passed and the president signed the Iraq Supplemental War Spending Bill (PDF) to fund the Iraq war through the end of September.
In the Supplemental, Congress deliberately adopted the president's benchmarks, specifically and continually referencing his January 10, 2007, speech. Congress made clear its desire to hold both Bush and the Iraqi government to the commitment to meet the benchmarks. But, the words "hydrocarbon law" were never used. Instead, Congress referenced the president's benchmarks but described only the revenue-sharing component.
The Supplemental finds that "it is essential that the sovereign government of Iraq set out measurable and achievable benchmarks and President Bush said, on January 10, 2007, that 'America will change our approach to help the Iraqi government as it works to meet these benchmarks.'" And, "The president's January 10, 2007, address had three components: political, military, and economic … The United States strategy in Iraq, hereafter, shall be conditioned on the Iraqi government meeting benchmarks … including: (iii) Enacting and implementing legislation to ensure the equitable distribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients, and enacting and implementing legislation to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds and other Iraqi citizens in an equitable manner."
Congress stipulated that if the benchmarks were not met by September, it would cut off funds being made available to Iraq under the "Economic Support Fund." These are funds used for, among other things, U.S. reconstruction efforts in Iraq.
Congress required the Bush administration to report back on the status of the benchmarks by July 15. Thus, a flurry of effort erupted between the Bush administration and the Al-Maliki government in recent weeks to try to finally pass the law. Negotiations were rekindled and a new draft of the oil law was agreed to by the Iraqi cabinet on July 3 (only Arabic translations of the law have been released publicly to date).
http://www.alternet.org/waroniraq/56672/?page=2