So we committed the bulk of the US army to the Iraq invasion for the last six years, and one of the first pieces of real estate liberated was the Rumalia Oil field in the south near the Kuwaiti border. It was Dick Cheney's dream come true, but today Iraq put the field, and a host of other oil development contracts, up for bid. Guess who won the bid on Rumalia's 17 billion barrels of proven reserves? China, (with a little help from BP).
Yes, it seems that after a trillion dollar investment in Iraq, thousands of dead American soldiers, tens of thousands wounded, and national disgrace at places like Abu Ghuraib, Exxon Mobil turned its nose up at the price Iraq wanted per barrel for the Rumalia contract. China stepped in, knocked $2 a barrel of their price, and won the contract. They sent no troops to Iraq, lost no lives there, and squandered no Yuan. But they get the prize.
Big Oil has certainly dropped the ball in Iraq, haven't they? Can anyone tell me what the US got for the invasion of Irag? Wouldn't you just love to bid on a bona fide copy of the map of the Rumalia oil fields Dick Cheney was scribbling all over on the eve of "Operation Iraqi Liberation." Oh yes, since that clearly spelled O.I.L. they changed liberation to freedom, but make no mistake, the war was largely fought for rights to these oil and gas development contracts. Now it seems that the Chinese have pulled another fast one on Uncle Sam, using some of the $856 billion dollars reserves they have to simply outbid US companies for the paydirt. It's happening here, and in Africa, in Brazil and other places.
I've said all along that the Chinese were playing a real smart game. Instead of sticking their nose into everybody's business, building a network of military bases all over the world, telling everyone what they should or should not do,drawingup lists of "evil" countries, the Chinese are simply booking business, and booking it smart. "Very clever, these Chinese."
I wonder how much of Iraq's 115 billion barrels of light sweet crude, (#3 in the world), will end up shipping out to Beijing instead of Houston. The Chinese will need every drop they can get, because they just bought Hummer from GM. (OK, so occasionally they do make a dumb move). But after today's announcement on Rumalia, Dick Cheney must be grinding his teeth.
Yes, it seems that after a trillion dollar investment in Iraq, thousands of dead American soldiers, tens of thousands wounded, and national disgrace at places like Abu Ghuraib, Exxon Mobil turned its nose up at the price Iraq wanted per barrel for the Rumalia contract. China stepped in, knocked $2 a barrel of their price, and won the contract. They sent no troops to Iraq, lost no lives there, and squandered no Yuan. But they get the prize.
Big Oil has certainly dropped the ball in Iraq, haven't they? Can anyone tell me what the US got for the invasion of Irag? Wouldn't you just love to bid on a bona fide copy of the map of the Rumalia oil fields Dick Cheney was scribbling all over on the eve of "Operation Iraqi Liberation." Oh yes, since that clearly spelled O.I.L. they changed liberation to freedom, but make no mistake, the war was largely fought for rights to these oil and gas development contracts. Now it seems that the Chinese have pulled another fast one on Uncle Sam, using some of the $856 billion dollars reserves they have to simply outbid US companies for the paydirt. It's happening here, and in Africa, in Brazil and other places.
I've said all along that the Chinese were playing a real smart game. Instead of sticking their nose into everybody's business, building a network of military bases all over the world, telling everyone what they should or should not do,drawingup lists of "evil" countries, the Chinese are simply booking business, and booking it smart. "Very clever, these Chinese."
I wonder how much of Iraq's 115 billion barrels of light sweet crude, (#3 in the world), will end up shipping out to Beijing instead of Houston. The Chinese will need every drop they can get, because they just bought Hummer from GM. (OK, so occasionally they do make a dumb move). But after today's announcement on Rumalia, Dick Cheney must be grinding his teeth.
