Clearing up the muddy Iraq oil debate

This is a good time to clear up some of the issues surrounding the debate over Iraq’s oil and proposed legislation related to the hydrocarbons sector.

Oil Law Semantics

Except for President Bush, most members of Congress and others detached, the "Oil Law," also referred to as the "Oil and Gas Law" and the "Hydrocarbons Law," DOES NOT, let’s repeat, DOES NOT address revenue sharing except for calling for a SEPARATE REVENUE SHARING LAW.

The Oil Law is the main piece of legislation that the ...