Iraqi government resists pressure to enact oil law
It has not even reached parliament, but the oil law that U.S. officials call vital to ending Iraq's civil war is in serious trouble among Iraqi lawmakers, many of whom see it as a sloppy document rushed forward to satisfy Washington's clock.
Opposition ranges from vehement to measured, but two things are clear: The May deadline that the White House had been banking on is in doubt. And even if the law is passed, it fails to resolve key issues, including how to divide Iraq's oil revenue among its Shiite, Kurdish and Sunni regions, and how much foreign investment to allow. Those questions would be put off for future debates.
The problems of the oil bill bode poorly for the other so-called benchmarks that the Bush administration has been pressuring Prime Minister Nouri Maliki's government to meet. Those include provincial elections, reversing a prohibition against former Baath Party members holding government and military positions and revision of Iraq's constitution.
It appears that even with the most abusive proposals by the US removed, they still can't pass the law.
My read is that the Kurds are opposed to any profit sharing plan. They are just biding their time now until independence, de facto or proclaimed. Thus they will not accept any law that puts their oil fields under somebody else's control.
Jay