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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (207065)	10/27/2006 12:01:47 AM
From: Sun Tzu	Read Replies (4) \| Respond to of 281500

>> I've been watching XOM and some other oil stocks. It's interesting that XOM has been rising in price as the price of crude/gasoline has been falling. It may have something to do with this: US Energy Secretary Samuel Bodman duly landed in Baghdad this past summer, insisting that Iraqis must "pass a hydrocarbon law under which foreign companies can invest". Iraqi Oil Minister Hussein al-Shahristani was convinced, and said the law would be passed by the end of 2006, as promised to the IMF. No wonder: the Green Zone US Embassy colossus has always made sure that the US controls - via well-paid Iraqi servants - the Petroleum Ministry, as well as all key management posts in key Iraqi ministries. The draft hydrocarbon law was reviewed by the IMF, reviewed by Bodman and reviewed by Big Oil executives. It was not and it will not be reviewed by Iraqi civil society...