Oh, I bet the PTB of the U.S. Oil Companies are PO'd! The War in Iraq was All for Naught!

With the news out today - I can just imagine all the phone calls and upset PTB in the U.S.

The Billions and Billions spent - besides (which is what matters to us)- the LIVES LOST by our military personnel - how the country of Iraq has been decimated and the U.S. economy has been decimated due to the War in Iraq. It seems it was ALL FOR NAUGHT!

The U.S. DID NOT ACCOMPLISH what they set out to do and the REASON for going to war in Iraq - To GAIN CONTROL OF THE OIL!

It has fallen apart - the whole game and scheme the U.S. had, I am sure they thought they had the right to the oil and there would never be a doubt about U.S. companies gaining control.

Well, they were WRONG - the Iraqi government signed a contract and gave the rights to the oil, to a Chinese company - CNPC and the British company BP!

http://english.aljazeera.net/business/2009/10/2009108195159366645.html


Iraqi officials have signed a deal with Britain's BP and China's CNPC to develop its Rumaila oilfield, a milestone in Iraq's efforts to renew its oil sector.Officials from Iraq's state-owned South Oil Company and the two oil companies agreed the deal on Thursday, Assem Jihad, an oil ministry spokesman, said. Final approval is still needed from the government.
"The contract will be sent to the cabinet for approval, then a final date will be chosen to sign the contract during an official ceremony," Jihad said on Thursday.

Another article about it:

http://english.aljazeera.net/news/middleeast/2009/06/2009630142632943969.html

A consortium of British giant BP PLC and China's CNPC was the only successful bidder.
Its offers for the Rumaila oil field, which holds 17.8bn barrels in crude reserves, beat off competition from US giant Exxon Mobil and Malaysia's Petronas.
The Exxon Mobil-led consortium requested $4.8 per barrel for production over the minimum and BP wanted $3.99 per barrel, al-Shahristani said.
The ministry was willing to pay $2 per barrel.
BP agreed to match the ministry's price and won the contract, with Exxon Mobil refusing to revise its bid.

Now - how Ironic would it be that the oil will not end up trading in U.S. dollars but in other currencies - which is the REASON why we went into Iraq. Saddam was going to drop the dollar and sell oil in Euros!!

With this information coming out now.

I have a few thoughts and questions.

Will the violence in Iraq, all of a sudden become worst now?

Will oil fields once again start being destroyed?

Will China now insert some military forces there, to protect their rights?

Will some of the government people in Iraq all of a sudden start being taken out and assassinated?

In other words will those PTB in the U.S. be SO Pissed Off - they will take vengeance out on Iraq?

I am sure that the Bushs, Cheneys, Exxons, Chevron, Shell etc of the world felt it was their right to the oil of Iraq.

If you start hearing of more violence in Iraq - think about who the oil rights were given to, before you think it is some random events, including fires starting again on the oil fields.