Significant Event in Iraq

The Iraq Cabinet has approved the proposed oil law for dividing oil revenues among Kurds, Sunnis and Shiites. It is expected that Iraq's Parliament will also approve the law.

Part of the law is the awarding of extremely profitable contracts to ExxonMobil and British Petroleum for refurbishing the Iraq Oil industry and development of new oil-producing fields.

This should make all parties happy and put an end to hostilities, if they choose to act rationally.

It will also achieve Bush and Cheney's true objective for starting and continuing the war: grabbing Iraq's oil for ExxonMobil.