Thursday, May 20, 2010

Democrats are Morons

It's that simple. So many people have suggested and I'm sure this thought has crossed your mind as well that the least the Iraqis could do to show some appreciation for being rescued from Saddam Hussein's opressive regime would be to give us the first shot at any deal to get their oil production back up to speed, not only to help reduce oil prices, help Iraq get back on its feet sooner, but give an American company a chance to do business there.



Well as it turns out they DID give us that very opportunity, but since Democrats are morons and they obviously love to see the rest of the world prosper while we wither away on the vine here's how it turned out.

Thanks To 3 Senators, China Entrenched In Iraqi Oil For 20 Years 
by Steve Schippert -Big Government


This story might slip right past you. It’s understandable, considering most Americans have no idea of the context or how it happened that the state-owned China National Offshore Oil Corporation (CNOOC) is now set for 20 years in Iraq, thanks to a deal just inked between the Iraqi government and Communist China. The Iraqis originally selected America’s Exxon-Mobil. I’ll wager you probably didn’t know that. You’ll want to read on. But brace yourself.

 

It’s the classic American political tale of self-loathing crafted by the usual suspects. With its government firm and its security at its post-surge best, the Iraqi government needed to quickly bring its oilfields online. It desperately needed the revenues. The summer of 2008 saw oil prices above $100 per barrel and Americans were paying $4 per gallon at the pump.


The best in the business – the best in the world – is Exxon-Mobil. And the government of Iraq turned to America’s Exxon-Mobil to bring undeveloped and underdeveloped fields online to rejuvenate its own revenue sources and ween itself and its people off of American aid.


But three American Senators would have none of it. Senators John Kerry (D-MA), Chuck Schumer (D-NY) and Claire McCaskill (D-MO) sent a public letter to the Bush administration’s Secretary of State, Condoleezza Rice, imploring her to derail the Iraqi deal. (See: ‘In China We Trust’: Senators Closed Door to US Oil Investment In Iraq.) As the Senate troika stated, “It is our fear that this action by the Iraqi government could further deepen political tensions in Iraq and put our service members in even great danger.”


You see, these three American Senators insisted that Iraq shall have no revenues until it passed an oil revenue sharing law that met their distant standards. Or at least, Iraq should have certainly had no additional revenue. Their letter was dismissed out of hand in Washington. But in Iraq, the desired consequences of the letter took hold. The Iraqi government became spooked as the reportage of the letter turned, as one would expect, into wrangling and infighting by those seeking to leverage it to their advantage in the hotly contested revenue sharing process.

(more....

No comments:

Post a Comment