Diary

Our oil going to China

**This is from the body of the story. It can be found on Weekly Standared site.

Why, after all the assistance we’ve given to Iraq over the past five years was the first major Iraqi oil deal signed with China and not with an American or even a western company? The answer is, in part, because three Democratic senators intervened in Iraqi domestic politics earlier this year to prevent Iraq from signing short-term agreements with Exxon Mobil, Shell, Total, Chevron, and BP. The Iraqi government was poised to sign no-bid contracts with those firms this summer to help make immediate and needed improvements in Iraq’s oil infrastructure. The result would have been significant foreign investment in Iraq, an expansion of Iraqi government revenues, and an increase in the global supply of oil. One would have thought that leading Democratic senators who claim to be interested in finding other sources of funding to replace American dollars in Iraq, in helping Iraq spend its own money on its own people-“as Obama says in his ad,” would have been all been for that” Let western or domestic oil companies get the first contracts on Iraqi oil. “Instead, Senators Chuck Schumer, John Kerry, and Claire McCaskill wrote a letter to Secretary of State Rice asking her “to persuade the Government of Iraq to refrain from signing contracts with multinational oil companies until a hydrocarbon law is in effect in Iraq” The Bush Administration wisely refused to do so, but the resulting media hooraw in Iraq led to the cancellation of the contracts, and helps to explain why Iraq is doing oil deals instead with China. Either way, like Barack Obama’s asking the Iraqi foreign minister to hold off on a strategic framework agreement until after the American election, it was nothing but harmful to America interests and our prospects in Iraq, ” for these three senators to scrub the original Iraqi oil deal with ExxonMobil, Shell, Chevron, and BP.

The media got into gear on this and the pressure brought to bear. The Iraqis said, “Look, we got enough trouble here, forget these guys and we’ll move on with the ChiComs.”

My question now is how can Obama now talk about how we need a responsible exit and we need to find ways for the Iraqi government start paying us back. This is all because three senators had to impose some studpid, wacko environmental restriction on them. Why would they??? We have to get this kind of information out.
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