HUGE Development In Iraqi Oil
By Justin Gardner | Related entries in Money, WarLooks like the new government is closing in on a quick fix that could actually work in the long run.
Yeah, I’m being cynical, but in the modern Middle East one can nearly always trace the fighting back to oil. So if we solve that problem in Iraq, it could very well turn this thing around.
If enacted, the measure, drafted by a committee of politicians and ministers, could help resolve a highly divisive issue that has consistently blocked efforts to reconcile the country’s feuding ethnic and sectarian factions. Sunni Arabs, who lead the insurgency, have opposed the idea of regional autonomy for fear that they would be deprived of a fair share of the country’s oil wealth, which is concentrated in the Shiite south and Kurdish north.The Iraq Study Group report stressed that an oil law guaranteeing an equitable distribution of revenues was crucial to the process of national reconciliation, and thus to ending the war.
Without such a law, it would also be impossible for Iraq to attract the foreign investment it desperately needs to bolster its oil industry.
For the sake of the Iraqi people, our soldiers and our credibility…I hope this works.
Then again, we may be giving certain groups who may be sympathetic to terrorism the means to finance more of it…
But let’s not think about that right now…
This entry was posted on Saturday, December 9th, 2006 and is filed under Money, War. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
December 12th, 2006 at 7:07 pm
Look to Venezuela for the consequences of such an approach…