The Pot of Black Gold at the end of the Rainbow in Iraq

The Iraqi parliament will be considering the passage of a law this week which will likely set the stage for massive privatization of the country's oil. This privatization will allow for the flow of profits from the oil supply to benefit outside investors much more than the people who live on the land above it. The weakness of the Iraqi government in relation to its neo-colonial masters in Washington makes it very difficult for a different deal to be struck than the one being proposed.