if it wasn't already obvious

"Iraq's massive oil reserves, the third-largest in the world, are about to be thrown open for large-scale exploitation by Western oil companies under a controversial law which is expected to come before the Iraqi parliament within days.

The US government has been involved in drawing up the law, a draft of which has been seen by The Independent on Sunday. It would give big oil companies such as BP, Shell and Exxon 30-year contracts to extract Iraqi crude and allow the first large-scale operation of foreign oil interests in the country since the industry was nationalised in 1972."


Once again, thank goodness the adults are in charge. The companies are not only getting to exploit Iraq, they are being granted practically usurious terms under which to do it.

Read the rest of the article:
http://news.independent.co.uk/world/middle_east/article2132569.ece