The Proposed Iraq Oil Law giving the U.S. and other foreign oil corporations the primary role in developing Iraqi oil, is about to go before Iraq’s Parliament. The Bush administration is heavily pressuring the Parliament to pass this proposal. The current proposed law favors production Sharing Agreements (PSAs) -- exclusive 30-year contracts allowing the U.S. and other foreign oil corporations to control the extraction, development, and depletion of Iraq’s oil, which has been in the public sector since the 1970s. Challenging the myths on Iraqi oil policy and the current Oil Law is an important part of the debate on resource sovereignty and the future independence of Iraq. Who should decide the future of Iraq’s oil industry and through it, the economy of the country? The people of Iraq, free from duress and external pressures, or foreign oil corporations and occupying powers? Sponsored by: American Friends Service Committee: 330/928-2301, Progressive Democrats of America - Ohio: 330/807-9096, UUCA Social Action Committee: 330/836-2206