My two cents on the HCL -- I don't think that the HCL has actually been passed. Last I read, the parties were still fighting over which draft of the HCL they wanted to fight over. HOWEVER, from reading the Iraq oil news articles in recent weeks (especially the ones that reference Exxon), it became clear to me that since the various factions in Iraq can't agree on a draft of the HCL, the oil ministers (or whoever is in charge of negotiating and signing the oil contracts with the Iraqi government) and the big petroleum companies are simply putting HCL-like provisions into these various contracts and enforcing it that way. This means that Iraq (and its people) will be getting the benefit of the terms of the HCL without having to actually pass that law. That is, the parties are doing by contract what they could not succeed in doing legislatively. So, in a sense, the HCL is no longer an issue (or has been resolved), even though the law itself may not have been passed. I do think it's a non-issue right now. Anyway, that's my inference as to what is happening.