1.) Insofar a PSA’s or their legal equivalent were enacted, Iraq would lose control over what levels of oil the country produced with the protential to substantially weaken the gripof OPEC on the oil market.

2.) The law would allow would allow the oil companies to fully repatriateall profits from oil sales, almost ensuring that the proceeds would not be reinvested in the Iraqi economy.

3.) The Iraqi government would not have control over oil company operations inside Iraq. Any disputes would be referred insteadto pro-industry international arbitrartion panels.

4.) No contracts would be public documents.

5.) Contracting companies would not be obliged to hire Iraqi workers, and could persue to current policy of employing American technicins and South Asian manual laborers.

I feel for those most honorable who are striking against the Iraqi puppet government.
Several African countries with vast minerals have been subjected to these conditions while returning only a tiny fraction of proceeds to the local populations.