Ah, Folkiedave, you mean this one:

"BearingPoint Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, VA, the firm has more than 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets.

The company provides management and technology strategy, systems design and architecture, applications implementation, network infrastructure, systems integration and managed services. BearingPoint's tailored solutions are designed to help clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. The company is among Fortune Magazine's "Most Admired" companies in its Information Technology Services sector."

Well if the Draft Oil and Gas Law was the result of their work then they are certainly up to speed on things connected with the oil industry, and guess what Folkiedave, katlaughing, et al, not one single mention of Iraq having to give it's oil away to any Western Corporations, quite the reverse in fact.

As for:
"...The legislation, which is due to be presented to Iraq's parliament within days, will give Western oil companies a large slice of profits from the country's oil fields in exchange for investing in new oil infrastructure."

I don't know where you got that quote from Folkiedave, but either the "BearingPoint employee", or the journalist, and I tend to imagine that it was the journalist, is talking out of their arse.

As usual with the media in dealing with Iraq the story was written before the man left his office, or even spoke to the BearingPoint employee - "will give Western oil companies"? that's a definite is it? Has it already happened (This by the bye is not breaking news this piece is a few months old). What you have quoted Folkiedave is not fact, as bourne out by the wording of the draft law drawn up with the assistance of BearingPoint acting as consultants, what you are quoting is pure supposition on the part of a journalist.

As I said in my first post to this thread, I will go along with Alan Greenspan, it was about oil, but not in the way most here think, or wish, that it was.