To this day, Iraq remains under U.N. Chapter VII.
There are three files left that need to be closed in order for the
Chapter VII to be lifted from Iraq. The three files are:

1. Weapons of Mass destruction

2. Oil for Food Program

3. The Kuwaiti Files

Read the rest of the post by going to the web site:

http://www.americancontractor.com

Thank you for joining the New American Contractor Mailing list.

American Contractor

Ever wonder about the hydrocarbon law? Consisting of a set of four laws which outline how the oil industry should be governed, how the Iraqis will divide the profits from this industry, and how the oil industry should be re-shaped.

These four laws define, respectively, how the Iraqi Ministry of Oil should be re-structured, how investments in the oil industry should be managed, how revenue should be distributed and divided, and how the Iraqi National Oil Company should be reconstituted.

These laws are necessary for the permission for international companies to begin investing in the Iraqi oil industry (and to subsequently jump start the oil production industry), as they provide the guidelines, regulations, boundaries, etc. for how to run this industry.

Whether or not the hydrocarbon law is beneficial or detrimental to the Iraqi government and economy is widely discussed, with many disagreeing on its actual benefits for the Iraqi people overall.

The four laws are as follows
(resource link)
http://www.longwarjournal.org/archives/2008/02/inside_iraqi_politic_3.php

1.) Managing investment in Iraq’s oil resources, specifically the industry’s upstream development;
2.) Revenue sharing among private companies, provinces, and the federal government;
3.) Restructuring the Ministry of Oil; and
4.) Create and constitute an Iraq National Oil Company (INOC) to control all aspects of the Iraqi oil industry.

This includes managing investment by Iraq’s various factions and tribes in a controlled manner, and eliminating previous warring and feuding for control of oil in various provinces. Also including management of investments (including granting of contracts and acceptance of bids for developing oil fields) by foreign companies and firms as well as Iraqi national firms.

In terms of managing Iraq’s various factions and tribes this law states that the oil industry will be managed by the federal government rather than by each province’s regional government. Each province and faction to be given a portion of the oil industry profits, with the amount of revenue received being in proportion to the population of each province.

In terms of managing foreign investment, this law states that foreign companies will be given national treatment when bidding for or applying for a contract to develop in Iraq’s oil fields. That they must be given equal preference as Iraqi national companies, and that the Iraqi government can not favor Iraqi companies when granting contracts.

Due to Iraq’s decaying infrastructure in its oil industry, foreign investment is needed and is quite necessary; however, there is disagreement as to how the involvement and investment of foreign companies should be managed.

Whether or not it can be managed fairly as to still allow the Iraqi government control over its oil industry, and whether or not foreign companies will eventually control this entire industry. Some believe that creating an equal balance between Iraqi and foreign companies is indeed possible.

Foreign investment will not only repair the infrastructure, but also jump start the industry and increase the overall revenue from this industry. Maximizing the industry’s profits and potential should be in check. Others, however, believe that sharing with foreign companies is not possible, as they will unfairly undermine Iraq’s overall control of their oil.

Some believe that sharing the profits among all of the provinces will result in less feuding over oil control. All provinces following this law will create a calmer, more democratic society and government.

Others believe that with foreigners having some control and share in the profits of this industry, this will anger some provinces. Such angry provinces may believe that they are losing a portion of the profits that should be rightfully theirs. This can result in escalating civil war, feuding, and hostility towards foreign companies and foreign presence thus creating more uncertainty for Iraq Dinars stability and growth potential.

“Keep in mind that what some believe is not necessarily occurring in reality” -DrDinar.com Operations

These same people also believe that foreign companies will gain increasing levels of control, and may possibly gain total control eventually. With this increase will come greater levels of dissatisfaction among the various factions and provinces, all of which will contribute to escalating levels of violence, warring, and faction.

Revenue sharing must be defined and agreed upon by both the federal government and individual provinces. As well as the inclusion of foreign companies; the current revenue share plan in place does give some of the revenue to individual provinces.

More must still be defined in terms of privatization vs nationalization in terms of profit sharing, or distribution of revenue. Different provinces and sects favor different forms of revenue sharing, with provinces in possession of the most oil fields and resources wishing for provincial government and authority over these. As well as revenue to be distributed according to each province’s resources.

Provinces with less resources favor federal, centralized, and more shared revenue distribution by government. Equal and agreed upon profit sharing among all of its various provinces and sects is critical to stabilizing the country among its various provinces and sect.

Nationalization or Privatization in Iraq

Nationalization of this industry, rather than privatization (the investment of foreign companies), is generally favored. Restructuring of this federal governing body would give it more control and power in passing, defining, and regulating laws regarding the oil industry.

Establishing this company can and will increase the Iraq government control of this industry. Iraq Government control of the industry assumes Iraq’s Government has 100% independence militarily.

*********************************************
This article may be reprinted online and offline as long as
the entire article remains unchanged including this area.
Online reprinting of this article must have the hyperlink
activated. This article is written by Darren Chabluk from
http://DrDinar.com
*********************************************

Time:  8:00pm Central Time
Date: Sunday September 28 ‘08

Read what others have to say….

“Darren, all of the help and info to date have been fantastic.”
-Mark Nicosia
Rocky Point, New York. USA

“Darren, Your information has been very informative, and most,
of all encouraging that there is solid hope in the increase of
value in the Dinar.”
-Richard
New Milford, New Jersey. USA

http://www.DrDinar.com/Teleseminar-Registration

“Darren Chabluk responded very quickly and was very personable
to the point and overall very honest.  In my own words;
Darren is very involved and very serious of investing in Iraq
and also stress this is the spearhead to a very prosperous
time for those who get informed and take that step that he is
laying out and also it will prosper the people of Iraq…it is
a “win-win situation” but you have to be in to win!”
-John Baldwin
Aurora, Colorado. USA

“Just think, I can retire early with your help.  Keep up the
good work Friend!!”
-Frank Rabon
Dallas, Texas.  USA

“Thanks for sorting through the volume of data and presenting
decision friendly information.”
-Mike Hunter
Denver, Colorado. USA

“When confronted with an opportunity of this unique nature, it
is comforting to know that there is educated source for updates
and ongoing support.  Keep up the good work!”
-David N. London
London, England.

http://www.DrDinar.com/Teleseminar-Registration

Yours Truly,
Darren Chabluk

RUSH Seating, dial in 5 to 10 minutes early for this free engagement.  Access for 50 first people who dial in, all others will be able to listen to downloadable MP3 recording of this free call.  You may ask questions, talk if you know something about something, or just listen live. 

The ONLY advertisement on the call will be after about 20 to 30 minutes into the call as I (Darren) will announce the page where you may register for the 4 call mini Tele-seminar series to follow starting next week.

It costs me $500 a day in profits to ground my commercial vehicle (Yes, Im a very skeptical Dinaraholic myself like most of you)  I am taking one extra day off to do this call to get to know all of you and your personal experience (if you’d like to share it)  So please, lets keep the call a family friendly environment so I don’t have to bump any ruthless people off the call using this very high tech software out of Atlanta GA.

Were going to talk Dinar, attitude about Dinar (good and bad) and best of all- you WILL NOT experience a mastermind like this anywhere else on a live call.  IF there is information to BE HAD, I’ll personally help you screen through the BS myself and get to the CHASE.  (no pun intended)

Our special guests for the call will be Iraq Fan Club’s Elite and Elite Pro members who have helped make this call possible and they will all receive free access to the full series.  Thank you for your ongoing support guys (and gals)

Dial 1.404.920.6610 at or before 6:00pm central time this monday Sept 8th ‘08  Your call code will be 377877#
Iraq Fan Club Elite and Elite Pro members will get your secret VIP access code in your email.

Thank you and God bless.
Darren Chabluk
DEC Internet Marketing Inc. 
(US Treasury Registered since Sept 2004)

Iraq Dinar enthusiasts from around the world are invited to the calls.  I will be sending out an email a couple days before the call and we’ll take it from there.  There will be kind of a theme for each call, more on that later.  There will be no advertising, except for near the end of the free call I will let everyone know where they can register for the 4 call Teleseminar series to follow.

Right now I’m in Moncton New Brunswick Canada, waiting for a west load for my commercial vehicle.  Sitting here in my truck on a lap top and a high speed internet connection.  I suppose we can even do calls when I am on the road but for now, we’ll wait till I get to my office.  Please leave your comments for this post below on the ‘comments’ link.

“Why will a free ‘revaluation mastermind’ call be useful?”

1 August 26, 2008 – 3:13:54 PM  
 
 to konw what to do.
  
 
2 August 26, 2008 – 2:15:39 PM  
 
 Yes, if it is free. I won’t pay $25 for a teleseminar series.
  
 
3 August 26, 2008 – 10:36:45 AM  
 
 To keep one current on developments.
  
 
4 August 26, 2008 – 9:38:47 AM  
 
 To know latest ongoings in Iraq.
  
 
5 August 26, 2008 – 9:35:05 AM  
 
 To know latest updates.
  
 
6 August 26, 2008 – 6:52:45 AM  
 
 I don’t know. I’m interested on hearing updates on the Dinar.
  
 
7 August 25, 2008 – 3:42:07 PM  
 
 uncertain.
  
 
8 August 25, 2008 – 1:49:38 PM  
 
 Many important changes are occurring in Iraq. The Iraqi’s are even having their first trade exhibition show event in Iraq this year. In the past they were held in Jordan.
  
 
9 August 24, 2008 – 5:00:46 PM  
 
 Can the dinars jump up in price? how can i sell them? Can i refer my friends to buy?
  
 
10 August 24, 2008 – 4:18:21 PM  
 
 To increase the value of the Dinar?
  
 
11 August 24, 2008 – 3:05:39 PM  
 
 To bolster confidence in the dinars capabaility
  
 
12 August 24, 2008 – 12:36:47 PM  
 
 yes
  
 
13 August 23, 2008 – 10:04:38 PM  
 
 Alot is happening right now it would be real helpful to know what steps to take to invest in iraq, I am not active now in any investment and would like to know the best way to proceed.
  
 
14 August 23, 2008 – 7:22:22 PM  
 
 To improve knowlegde and strategy.
  
 
15 August 23, 2008 – 3:03:05 PM  
 
 Should I invest 10M NID in the Iraqi economy?
  
 
16 August 23, 2008 – 2:05:12 PM  
 
 to understand what are the likely pressures which will be exerted on the dinar that will require a revaluation
  
 
17 August 23, 2008 – 1:50:44 PM  
 
 possible knowledge gain.
  
 
18 August 23, 2008 – 1:16:20 PM  
 
 If its free more people will take part.
  
 
19 August 23, 2008 – 12:24:59 PM  
 
 have no idea
  
 
20 August 23, 2008 – 11:22:49 AM  
 
 So we might further understand the progress being made and that will be made in the revaluation of the Dinar and possible a future timeline for the same.
  
 
21 August 23, 2008 – 11:10:16 AM  
 
 I don’t know, why will it????
  
 
22 August 23, 2008 – 11:07:16 AM  
 
 all info concerning the dinar is useful
  
 
23 August 23, 2008 – 10:58:11 AM  
 
 To have latest updates about Iraqi currency.
  
 
24 August 23, 2008 – 10:07:19 AM  
 
 It will help me decicide how much longer it might take for a substantial rise in the New Iraqi Dinar
  
 
25 August 23, 2008 – 9:40:16 AM  
 
 Will let the people who do not have a Warka account know what to do with their Dinars.

26 August 23, 2008 – 9:40:16 AM  
 
 Will let the people who do not have a Warka account know what to do with their Dinars.
  
 
27 August 23, 2008 – 9:34:37 AM  
 
 super info
  
 
28 August 23, 2008 – 8:32:04 AM  
 
 To help me know what to do.
  
 
29 August 23, 2008 – 7:53:17 AM  
 
 We are all desperately waiting and wondering why nothing is happening, when everything over there looks so promising.
  
 
30 August 23, 2008 – 7:45:08 AM  
 
 dont know
  
 
31 August 23, 2008 – 7:00:29 AM  
 
 It is good to find out where we are with regards to the Iraqi Dinar
  
 
32 August 23, 2008 – 4:56:03 AM  
 
 don’t know?
  
 
33 August 23, 2008 – 3:27:27 AM  
 
 During the last 18 months I have converted 80% of my Iraqi dinar. If the forecast for any “serious” revaluation appears to be in some distant future, I will more than likely take myself out of the market.