Friday, June 15, 2007

Perspective: Oil law not what it's claimed to be

A military leader fresh from Iraq is the latest U.S. government official to push a common but false claim that the controversial draft oil law will lead to a just division of the proceeds from oil sales and pave the way for reconciliation in the war-torn nation.

Lt. Gen. Martin Dempsey, former commander of the Multinational Security Transition Command-Iraq, forwarded claims made by the Bush administration and Congress that if Iraq passes an oil law, the fighting factions there will come together because revenue from oil sales will be distributed to all.

The oil law (also known as the hydrocarbons law), however, does no such thing. A separate revenue-sharing law would decide how the oil revenue is spread around the country. It is currently being negotiated, though far behind the hydrocarbons law in the Iraqi legislative process.

Read the rest at UPI