Iraq--China is the Winner


	Iraq--China is the Winner

baydawg

7-4-2009 2:36 PM

64 views

tags:

iraq, china, oil

baydawg says:

Oh, you liked spending $3 trillion plus on an Iraq war fought in the name of 9/11 but really all about control and profits for the military industrial complex? Oil you say? Yes, you and I are now indebted for all that money but it will be the Chinese that profit as they are the ones who have inked the deal for Iraqi oil.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2388faf2-740c-4454-ae3b-d748633c371c/5C0A8758-FD48-4E63-9020-0029FFE4D1C5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html" href="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html" style="font-size: 11px;">blogs.tampabay.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html">And the winner of Iraq's oil is...China? </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html">The single successful contract went to a pairing of <A title="The company’s Web site" href="http://www.bp.com/bodycopyarticle.do?categoryId=1&contentId=7052055">BP</A> and the <A title="The company’s English-language Web site" href="http://www.cnpc.com.cn/eng/company/">China National Petroleum Corp.</A> for the largest field on offer: Rumaila, near the southern city of Basra, which has proven reserves of 17 billion barrels," the <A href="http://www.nytimes.com/2009/07/01/business/global/01iraqoil.html?partner=rss&emc=rss">New York Times</A> reported.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html">"But signs of
stability in Iraq this year, and a planned American military pullout
from Iraqi cities on Tuesday, happened to coincide with an aggressive
Chinese push to buy or develop overseas oil fields."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.tampabay.com/energy/2009/06/and-the-winner-of-iraqs-oil-ischina-yes-thanks-to-us-senators.html">Originally, the <EM>Times </EM>noted, the Iraqi government tried "to award oil fields to
Western companies through a no-bid process. That prompted objections
from a group of United States senators, who wanted greater
transparency, and the plan was replaced with the auction, which had the
effect of letting Chinese companies play a much larger role."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5C0A8758-FD48-4E63-9020-0029FFE4D1C5/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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