>>>http://news.independent.co.uk/world/middle_east/article2132569.ece
>>>
>>>http://news.independent.co.uk/world/middle_east/article2132574.ece
>>
>>I remember reading somewhere that PSAs are integrated into the Iraqi Constitution.
>>
>>I wonder if the oil companies will be paying the true cost of getting at all that crude, which probably makes it worth over $1000. per barrel.
>
>This is business as usual Jim, business as usual. This scenario has played out many times in the past.

Was it 1972 when President Hussein started appearing as "Iraqi dictator" in the Western press? Because he suddenly gave the wrong answer to the question of ownership of their oil?

And this claim that the foreign companies would keep 75% of the profits only as long as it takes to recoup their cost of developing the fields... that's endless. Halliburton alone is capable of misplacing nine billion in a year. They'd also include any cost for the infinite array of security forces, their beefed up Hummers, company jets flying around on a whim, bribes lobbying costs, bribes incentives to Iraqi MPs who would supposedly control them... this could go forever. And after that, what, 20%? How much do they make on Saudi oil?

All your oil are belong to us.