Big Oil wants to come out of the Presidency with the Iraqi Oil law in place
Big Oil does not care about the Iraqi Oil law. They're not investing in Iraq, and it's not because of the absence of that law, and any law put in place by anybody while the Americans are there will not change the situation on the ground (ie civil war), and any law can be repealed once the Americans finally leave.
Big Oil knows the Oil law is pointless. In the long run, we're all dead. John Maynard Keynes
Gotta trot out a narrative that gives the American public a lie thy can use to cover their soul with, at least in the short term. Sarko will do the same.
Please read my post above --today's school lesson for Giselle. What color will those kids in the over-ten prison be? Capitalism searches out the darkest corners of human potential, and mainlines them.
Cheney & Bush want to have it in place before they leave office. Big Oil are indeed more pragmatic about its practical use.
But I do not see the US "finally leaving", any more than they "finally left" Cuba, unless they perceive security of access to Iraqi oil.
The Oil Law is about more than securing favourable access it is about securing favourable price.
And it may well be taking on a totemic significance because I do not believe that there was any other motive - for Cheney and Bush at least - for the invasion of Iraq. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
