China agrees $3bn Iraq oil deal

China agrees $3bn Iraq oil deal

english.aljazeera.net

Hussain al-Shahristani, Iraq's oil minister, warned that time was running out for big Western oil firms, which have jostled for years for Iraqi contracts, to seal even the short-term deals that were expected to mark their return to the country.

(visit the link for the full news article)

Just another Bush failure...
So, now America owes China billions in debt to pay for the
Iraq war and China takes home the oil too
(to their big polluting factories).

Another "Mission Successful" for the history books...
Can we even restore our respect in the world and markets
after such outrageous blunders?





( Sigh)

english.aljazeera.net
(visit the link for the full news article)


[edit on 11/20/2008 by Ex]

Well is no so much a "failure per say" but the fact that Americans has now come to the realization that US lost its superpower status already and now it has to compete with emerging nations that will fight to gain that status.

China is one of them, they have the capital and liquidity that US doesn't have to bargain for contracts with other nations without having to ask for a loan before doing it.

The sooner the America patriots learn this littler fact the sooner they will open up their eyes to what our nation has become under the leadership of greedy moronic politicians.