China gets a huge oil contract with Iraq and what do we get? I recall that when this war was about to begin it was reported that Iraqi oil was going to fund the war. We liberate the Iraqi people from Saddam Hussein, spend trillions of dollars on it, and after the deaths of thousands of our young soldiers, China gets a big contract. What a kick in the teeth! The only thing I can think of hoping for is that somehow our debt to China will be reduced by this. But I doubt it.
Read the whole article here,
http://www.cnn.com/2008/BUSINESS/08/30/iraq.china.oil.deal/index.html?iref=topnews
Saturday, August 30, 2008
Iraq signs $3B oil deal with China
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