Oil Victory in Iraq

While many people in the US think that Iraq is a failure, the oil firms in the US maybe thinking otherwise. According to an Iraqi draft law in its Parliament, the law would allow US oil companies to control the oil industry in Iraq. The law also proposes that the Iraqi provinces should be given responsibility over oil contracts and exploratation in their provinces. If this law passes, then it would give credence to the theory that the US was in Iraq for its oil to benefit big oil. Regarding provincial privileges, it would further the bloodshed in Iraq and may lead to the division of the entire country. This law would benefit no one. It is doubtful that the US consumer would benefit if our oil firms have a lot of power there. They have already benefited handsomely, whether its Haliburton, Chevron, or Exxon. The law would continue to incite instability and increasing anti-American (imperialists) sentiment. Oil prices also will not drop.- Al Jazeera