Gas Week

EWN Publishing

Iraqi parliament yet to pass legislation on US oil revenue sharing that gives global oil companies control over Iraq’s oil reserves

Posted by gasweek on 18 September, 2007

Iraqi oil exports were down to less than half the $55 billion that they were worth in 1980 said Senator Lyn Allison (Victoria—Leader of the Australian Democrats). “The invasion has created large numbers of Shia and Sunni jihadists that probably did not need any assistance from Iran”.

Iraqi parliament not working: “As I understand it, the Iraqi parliament is no longer meeting after 17 of the 38 members of cabinet walked out, including all the Sunnis and members from the two big Shia factions.

Oil – allocation bills not passed; “It has yet to pass legislation the US wants, such as bills on de-Baathification — that is, allowing the Baathists back into government — oil revenue sharing, provincial elections, amnesty and militia disarmaments. The oil bill is one that gives global oil companies control over Iraq’s oil reserves and has been hugely unpopular in both the parliament and the public arena, generating yet more anti-US anger.

What a mess: “The Iraqi government has not eliminated militia control of local security, has not eliminated political intervention in military operations, has not ensured even-handed enforcement of the law and has not increased army units. It cannot allocate and spend the $10 billion available for reconstruction.

$370 billion cost: “The four years, the deployment of 162,000 US troops and the spending of nearly $370 billion have clearly not created an environment where all these benchmarks are achievable. It is fair to say that General Petraeus has been called in to find an acceptable way out of a disastrous situation. He says that without risking the security gains of the surge, small reductions in troops would be possible. A unit of 2,000 marines could be sent home later this month, and the brigade combat teams could be out by August 2008. Petraeus did not, however, say how much longer the remaining 130,000 US troops would have to stay in Iraq in order to stabilize the country.

100 bases, 100,000 contractors:“There are of course an additional 100,000 contractors and thousands of military vehicles and weapons in 100 bases around the country. There are 18,000 detainees held by US forces, most of them Sunnis. The chief US diplomat in Iraq, Mr Brian Crocker, who analysed Iraq’s political state, told congress committee hearings yesterday that the political goals were attainable, but he too would not give a timeline for success and acknowledged that the lack of progress was deeply frustrating. He said: It is no exaggeration to say that Iraq is, and will remain for some time to come, a traumatized society. The Shia majority was empowered by the invasion, giving the sect—a dispossessed minority within Islam— rights denied them for centuries, but they have broken into factions now”.

Reference: Lyn Allison, Senator for Victoria, Leader of the Australian Democrats, Senate Hansard, Commonwealth of Australia, 11 September 2007.

Erisk Net, 14/9/2007

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