Iraqi oil: Once seen as U.S. boon, now it’s mostly China’s
"Iraq remains highly unstable in terms of security, infrastructure and politics. Chinese state-owned oil companies appear more willing to put up with that than Americans are.
“The Chinese have a higher tolerance for risk,” said Gal Luft, a co-director of the Institute for the Analysis of Global Security, a Washington research center focused on energy.
The International Energy Agency expects China to become the main customer for Iraq’s vast oil reserves. Fatih Birol, the agency’s chief economist, recently declared “a new trade axis is being formed between Baghdad and Beijing.” Birol said that about 80 percent of Iraq’s future oil exports were expected to go to Asia, mainly to China.
Iraq’s potential for oil production is huge. The International Energy Agency predicts that Iraqi production will more than double in the next eight years and that the country will be by far the largest contributor to growth in the global oil supply over the next two decades. By the 2030s, the agency expects Iraq to become the second largest global oil exporter, overtaking Russia."
So this is what we have to show for the trillions of dollars spent and millions of lives destroyed - an oil reserve for the People's Republic of China.
All that the U.S government has wrought on the world as a result of this criminal atrocity, all the freedom-destroying lies they told to drag this country into a war of aggression, all that they have destroyed so callously and brutally, all the liberties stripped away, ALL of it...for what? To create China's gas station and Iran's puppet state.
While some of our citizens allowed themselves to devolve into torturers and murderers to serve America's War of Aggression, every single supporter of that phoney war now stand naked as the impotent Imperialists. The Losers on the Grand Chessboard.
Heckuva job, Cheney. - Wes