[BfloGuy]

Such rapid growth would generate $200 billion a year of revenue for Iraq and transform the country’s economy, the IEA said.

Iraq, alas, will fall prey to the so-called "oil curse." Revenue will accrue to the government -- not the people -- and, as in Iran, Venezuela, Saudi Arabia, etc., will be used to advance the goals of whoever is in power at the moment.

The United States escaped the curse [for the time being] because Americans have the rights to the minerals which lie beneath their property. I'm not sure that there are any other countries in the World with those same rights.

[Brad from Tennessee]

Reportedly the Iraqi minister of finance is setting up a system to distribute 25 percent of oil profits directly to the Iraqi people. This has been done in some of the Gulf states for years.

http://theiraqidinar.com/news/araji-surplus-of-oil-revenues-to-be-distributed-on-iraqi-people-171533