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...deposits - some of the world's biggest untapped reserves - of about 115 billion barrels of oil and about 110 trillion cubic feet of natural gas. In addition, Iraq's major creditors have made clear they expect a working oil industry, as a precondition for forgiving billions of dollars in Iraqi debt incurred largely by Saddam Hussein's wars against Iran and Kuwait and by his mega-splurging at home...

Author: /time Magazine | Title: Troubles for the Iraq Oil Deal | 2/28/2007 | See Source »

...this very reason," al-Mutlaq says. "We cannot yet figure out how many people will stand against it." He says he is certain he will find allies among his colleagues, who he says believe that the law is geared to the needs of Western oil companies rather than Iraqis. There has been no public hearing on the draft, whose details have largely been kept secret. Iraqi lawmakers fumed last July when U.S. Energy Secretary Samuel Bodman discussed the draft during a trip to the region, "when hardly a single parliamentarian had seen it," says Kamil Mahdi, an Iraqi...

Author: /time Magazine | Title: Troubles for the Iraq Oil Deal | 2/28/2007 | See Source »

...Iraq war is an international enterprise? With Omar's and Munaf's cases probably headed for the high court, you can bet we'll find out soon. Keep in mind too that the Administration has more at stake here than its power. By steering these types of cases to Iraqi courts, it can help those courts gain legitimacy. The stronger its judiciary, the better Iraq's chances of surviving as a nation and the sooner the U.S.--to mix slogans from two unpopular wars--can stand down with honor...

Author: /time Magazine | Title: Law: A Law of Convenience | 2/22/2007 | See Source »

...fact, Cordesman fears that the brutal Shi'ite control of Basra and southern Iraq will spread to greater Baghdad and make the already bad situation there that much worse. Shi'ite militias in the capital appear to be standing down and not challenging U.S. and Iraqi forces as they attempt to quell the bombings and bloodshed that have gripped the city for the past year. That leaves insurgent Sunnis as the main target of the effort. "In effect," Cordesman says, "both the U.K. and the U.S. may end up acting to expand Shi'ite influence in very different ways." That...

Author: /time Magazine | Title: Did the Brits Lose Southern Iraq? | 2/22/2007 | See Source »

...described Arizona Senator John McCain's support of a resolution backing the surge but calling for benchmarks to evaluate Iraqi performance "disingenuous" after he criticized your resolution. Has this affected your friendship...

Author: /time Magazine | Title: 10 Questions for Chuck Hagel | 2/22/2007 | See Source »

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