Benchmarks, or Highway Robbery

STIOL:

Overall, the law would secure the agenda of ExxonMobil, Chevon, and the other majors, robbing the Iraqi people of their most basic source of wealth. Much is at stake. With 115 billion barrels of proven reserves ($7 trillion worth at $64 per barrel) and another 215 billion possible or likely ($14 trillion), there’s nearly a million dollars of oil for every Iraqi citizen. It’s a vast and precious national resource—but only if Iraqis are allowed to control it themselves.