<hr noshade color="#0000ff" size="8"></hr>
<p>
<font face="arial black" size="6" color="#d90000">
claiming the prize:
Bush surge aimed at securing iraqi oil </font>
<font face="helvetica, verdana" size="3" color="#000000">
<b> by chris floyd
tuesday, 09 january 2007</b>
at any time within the next few days, the iraqi council of ministers is expected to approve a new "hydrocarbon law" essentially drawn up by the bush administration and its uk lackey, <a href="http://news.independent.co.uk/world/middle_east/article2132569.ece" target="_blank">the independent on sunday reports.</a> the new bill will "radically redraw the iraqi oil industry and throw open the doors to the third-largest oil reserves in the world," say the paper, whose reporters have seen a draft of the new law. "it would allow the first large-scale operation of foreign oil companies in the country since the industry was nationalized in 1972." if the government's parliamentary majority prevails, the law should take effect in march.
As the paper notes, the law will give exxon, bp, shell and other carbon cronies of the white house unprecedented sweetheart deals, allowing them to pump gargantuan profits from iraq's nominally state-owned oilfields for decades to come.
<hr noshade color="#0000ff" size="8"></hr>
<p>