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"The US and Britain should announce its replacement: all future oil revenues will be placed in an account held by the Iraq Central Bank but overseen by either the World Bank or the International Monetary Fund to be used for the benefit of the Iraqi people. This time the process should be transparent and honest."

That is exactly what needs to be done....and why the Axis of Weasels will fight it. I suppose it's those who are directly or indirectly benefiting from the oil for palaces program who have stopped writing gloom and doom scenarios about Operation Iraqi Freedom, and started writing pieces on how this war was illegal or complaining that the streets of Baghdad aren't paved with gold yet.