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325 comments on DrumBeat: October 16, 2006

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sendoilplease on October 16, 2006 - 1:10pm Permalink | Subthread | Parent | Comments top
Bush's "Petro-Cartel" incompetent ?

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CHINA PREPARES TO EXPLORE FOR OIL IN IRAQ

WASHINGTON [MENL] -- China has been preparing to explore for crude oil in Iraq.

An Iraqi executive said Chinese companies have dismissed security threats and plan to drill for oil in Iraq. The executive said Iraq approached China to participate in the project.

Dathar Al Khashab, general manager of Midland Refineries Co./Daura Refinery, told the American Petroleum Institute annual meeting in San Antonio, Texas that China was approached after U.S. companies refused to work in Iraq. Al Khashab did not provide details of the oil exploration projects offered to China.

"Please help," Al Khashab told U.S. oil executives. "Please be brave enough to go to Iraq. Don't just sit there and wait on the opportunity."  

http://www.menewsline.com/stories/2006/october/10_17_3.html

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geewiz on October 16, 2006 - 9:45pm Permalink | Subthread | Parent | Comments top
China is the 800 pound gorilla, and nobody messes with China. That being said, China probably plans on a gazillion mile pipeline to send the oil straight to the Homeland, and having the worlds largest army, will post troops every half mile or so to protect it.
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