3113
Hello Summer!
- Joined
- Nov 1, 2005
- Posts
- 13,823
Isn't this nice! Iraq wasn't allowed to make a deal with China when Saddam was in charge, but now that we've gotten rid of him, they can!
I have to admit, I thought doing that kinda thing was a bad idea, especially as we'll be paying for it for years and likely so will our kids without seeing a dime in return, but seeing Iraq enriched with a surplus from rising oil prices and making deals with China while telling us to get the hell out...makes it all worth while.
Doesn't this make your American heart just thump with pride! We spend billions of our taxes (and thousands of American lives) on a war to destroy Saddam, and then to repair the Iraqi infrastructure (well, I guess we didn't do too good a job at that), and now, thanks to soaring oil prices, they have an $80 billion dollar surplus and a deal with...China!Iraq to revive oil deal with China
BAGHDAD - Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday. An initial agreement with China is expected to be signed at the end of August to develop the billion-barrel Ahdab oil field south of Baghdad, the ministry said in a statement. "Iraq and China are keen to show their cooperation by finalizing an agreement on developing the Ahdab oil field," it said.
The announcement came after a meeting between Iraqi Oil Minister Hussain al-Shahristani and China's ambassador to Baghdad. No further details were released, but if the deal is signed it will be the first Saddam Hussein-era oil deal to be honored by the new Iraqi regime. In 1997, Saddam's government signed an agreement with the state-owned China National Petroleum Corp., despite United Nations sanctions that barred direct dealings with Iraq's oil industry.
I have to admit, I thought doing that kinda thing was a bad idea, especially as we'll be paying for it for years and likely so will our kids without seeing a dime in return, but seeing Iraq enriched with a surplus from rising oil prices and making deals with China while telling us to get the hell out...makes it all worth while.