China Is Reaping Biggest Benefits of Iraq Oil Boom

[longknife]

Nabil Al-Jourani/Associated Press
An oil refinery in Basra, southeast of Baghdad, in which China has a stake. China has poured money and workers into Iraq.
By TIM ARANGO and CLIFFORD KRAUSS, Published: June 2, 2013

BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.

China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.

Read more @ http://www.nytimes.com/2013/06/03/w...ml?partner=rss&emc=rss&utm_source=feedly&_r=0

Another example of the stupidity of the Obama administration. If we still had a presence there, perhaps American companies would be reaping these benefits – and maybe Iraq would be paying us for some of the billions we spent to free them from a tyrant.

 

[Nosmo King]

Nabil Al-Jourani/Associated Press
An oil refinery in Basra, southeast of Baghdad, in which China has a stake. China has poured money and workers into Iraq.
By TIM ARANGO and CLIFFORD KRAUSS, Published: June 2, 2013

BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.

China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.

Read more @ http://www.nytimes.com/2013/06/03/w...ml?partner=rss&emc=rss&utm_source=feedly&_r=0

Another example of the stupidity of the Obama administration. If we still had a presence there, perhaps American companies would be reaping these benefits – and maybe Iraq would be paying us for some of the billions we spent to free them from a tyrant.

So, following your logic, we should have stayed in Iraq to get the oil. We should have committed U.S. troops and fortune to get the oil.

But didn't we invade Iraq with the hopes we would get the oil? Weren't we told that we would be greeted as liberators, have the oil revenues pay for the war, see a new Iraqi democracy blossom in the middle east and have the "Mission Accomplished" by mid May of 2003?

Where's the stupidity now?

 

[Mr. H.]

I see it as proof we did not enter Iraq for the purpose of exploiting their oil reserves.
A vindication for Bush?

 

[TheOldSchool]

I see it as proof we did not enter Iraq for the purpose of exploiting their oil reserves.
A vindication for Bush?

It will take a lot more than that to vindicate Bush. The U.S. gets their oil from better sources. China has the market in Iraq because no U.S. interest wants to do business there.

 

[Nosmo King]

I see it as proof we did not enter Iraq for the purpose of exploiting their oil reserves.
A vindication for Bush?

The Bush position said that Iraqi oil revenues would pay for the invasion. Do you seek vindication in forgetting this?

 

[longknife]

Nabil Al-Jourani/Associated Press
An oil refinery in Basra, southeast of Baghdad, in which China has a stake. China has poured money and workers into Iraq.
By TIM ARANGO and CLIFFORD KRAUSS, Published: June 2, 2013

BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.

China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.

Read more @ http://www.nytimes.com/2013/06/03/w...ml?partner=rss&emc=rss&utm_source=feedly&_r=0

Another example of the stupidity of the Obama administration. If we still had a presence there, perhaps American companies would be reaping these benefits – and maybe Iraq would be paying us for some of the billions we spent to free them from a tyrant.

So, following your logic, we should have stayed in Iraq to get the oil. We should have committed U.S. troops and fortune to get the oil.

But didn't we invade Iraq with the hopes we would get the oil? Weren't we told that we would be greeted as liberators, have the oil revenues pay for the war, see a new Iraqi democracy blossom in the middle east and have the "Mission Accomplished" by mid May of 2003?

Where's the stupidity now?

No, I feel we should've done what was good for Iraqi and keep a substantial training force there for the people BOTH governments wanted. Obama woozed out on the Status of Forces Agreement and, as a result, terrorism and violence continues there, urged on and supported by Iran!

1,000 dead Iraqis in the month of May alone.

 

[Nosmo King]

Nabil Al-Jourani/Associated Press
An oil refinery in Basra, southeast of Baghdad, in which China has a stake. China has poured money and workers into Iraq.
By TIM ARANGO and CLIFFORD KRAUSS, Published: June 2, 2013



Read more @ http://www.nytimes.com/2013/06/03/w...ml?partner=rss&emc=rss&utm_source=feedly&_r=0

Another example of the stupidity of the Obama administration. If we still had a presence there, perhaps American companies would be reaping these benefits – and maybe Iraq would be paying us for some of the billions we spent to free them from a tyrant.

So, following your logic, we should have stayed in Iraq to get the oil. We should have committed U.S. troops and fortune to get the oil.

But didn't we invade Iraq with the hopes we would get the oil? Weren't we told that we would be greeted as liberators, have the oil revenues pay for the war, see a new Iraqi democracy blossom in the middle east and have the "Mission Accomplished" by mid May of 2003?

Where's the stupidity now?

No, I feel we should've done what was good for Iraqi and keep a substantial training force there for the people BOTH governments wanted. Obama woozed out on the Status of Forces Agreement and, as a result, terrorism and violence continues there, urged on and supported by Iran!

1,000 dead Iraqis in the month of May alone.

It seems that the Iraqi government laid down the conditions of the Status of Forces agreement. They did not want us there anymore than the families of our troops wanted us there.

 

[Mad Scientist]

Your sons and daughters died so Iraq could sell oil to China, which given enough time, Saddam Hussein probably would have done anyway.

When are Americans gonna' wake up? I'm thinking: Never.

 

[Mr. H.]

I see it as proof we did not enter Iraq for the purpose of exploiting their oil reserves.
A vindication for Bush?

The Bush position said that Iraqi oil revenues would pay for the invasion. Do you seek vindication in forgetting this?

Wefwesh my memowie pweese...