Oil Privatization of Iraq« Thread Started on Oct 12, 2007, 11:22pm » --------------------------------------------------------------------------------Oil Privatization--a Daily Kos entry... Body: http://www.dailykos.com/storyonly/2007/ ... 82Kucinich Will Introduce Legislation to Prevent Oil Privatization by parmenides for change Fri Oct 12, 2007 at 07:16:35 PM PDTDennis Kucinich has the been the only candidate willing to consistently speak out against the unjust efforts to privatize the national oil wealth of the Iraqi people to multinational oil companies. He was the first to speak out against the hydrocarbon law, a key Iraqi benchmark of the Bush Administartion, which, in effect, would privatize over 90% of Iraqi Oil reserves to multinational companies, particularly U.S. oil companies. Further, it not only gives the rights to these oil companies to do business in Iraq, but enables them to have power in making the decisions over the contracts themselves. That is, a Federal Council is established to make decisions upon oil contract negotiations, which allows these private oil companies to be represented on the "Federal" board and thus influencing the approval and terms of contracts.Anita StewartDeputy Director of Virtual OutreachKucinich for President 2008, Inc.