Wednesday, September 17, 2008

Screw waiting for a 'Gang of', we need to set up that post

for some senators NOW:
...One question came up repeatedly in the hearing that deserves more of an answer than it got, however: 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, and in lowering the price of gasoline for American citizens, would have been all for it. Instead, Senators Chuck Schumer, John Kerry, and Claire McCaskill wrote a letter to Secretary of State Rice asking her "to persuade the GOI [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
.

Pardon my putting it this way, but God-DAMN these people. I'm so effing sick of these clowns how can never seem to do enough to damage this country to sate their desires.


Link given by BJM in comments. Though I'm so pissed right now it's hard to say 'thanks' for pointing it out.

2 comments:

Anonymous said...

Limbaugh is hammering on this point right now.
emdfl

martywd said...

Yup, whenever you uncover a tactic or tactics to retard or disable anything that could prove to be a positive event for the U.S. of A., there too you will find that oily despicable pol named: Chuck Schumer (D-New York).