Here is an interesting bit of news …
China Seals $3 Billion Oil Deal With Iraq
- Why is that interesting? Because of this story …
- Iraq May Abandon Contracts With Other Foreign Companies
The Iraqi government is likely to abandon plans to sign short-term contracts with foreign oil companies, negotiations over which have been halting, a senior U.S. diplomat in Baghdad said on Sunday.
So, in other words, now that Iraq has an oil deal with China, it no longer needs the lop-sided deals it signed with the US and European oil majors.
Tell me, why did we invade Iraq again? Looks like the oil angle may not be working out.
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