The PSA's
01-18-07
mpg

Nothing but the oil truth
A quote...."The new American drafted law permits the Iraqi government to offer foreign companies concessions of up to 30 years under a system known as PSA [Production Sharing Agreement].  -  In other words, American and other Western oil companies are being allowed to exploit Iraq's current predicament and negotiate self serving one-sided oil PSA's that will commit Iraq for the next 30 years."

Who cares about the PSA’s?  This isn't some child's game, everyone through out the entire world knows those agreements aren't worth the paper they're written on, that the agreements were signed under an occupation and under the barrel of a gun.   The people of Iraq are not bound by them at all. The moment the US leaves Iraq the Iraqis can tear up the PSA's without a qualm and absolutely no one in the world could question their right to do so.

And if the US doesn't leave Iraq the PSA's will be the least of the Iraqis problems. - mpg