Promised Spoils of U.S. War in Iraq—Its Oil—Go to China
The United States fought the war in Iraq, but China got the spoils—oil that is.
After the George W. Bush administration launched the 2003 invasion, officials promised that access to Iraq’s oil supplies would result in the war paying for itself.
That hasn’t happened, in large part because most of the Iraqi petroleum is flowing east—to China.
Almost half of the country’s oil supply is bought by Chinese companies, which intend to purchase even more in the near future. They currently have their eyes on one of Iraq’s largest oil fields, which is owned by Exxon Mobil.
“We lost out. The Chinese had nothing to do with the war, but from an economic standpoint they are benefiting from it,” former Pentagon official Michael Makovsky, who worked on Iraqi oil policy during the Bush administration, told The New York Times.
http://www.allgov.com/news/us-and-the-world/promised-spoils-of-us-war-in-iraqits-oilgo-to-china-130605?news=850214
= new reply since forum marked as read
No doubt the Republican 1% ChickenHawkery, inc. is still finding a way to make Major MoneyBucks off of this Republican Clusterf*ck of death, disease, and destruction.
and they want austerity for us here? We're onto them now! But what do we do about it? 
1.) The "oil flowing to China" doesn't mean US companies aren't profiting from the sales:
On November 27, 38 months after Royal Dutch Shell announced its pursuit of a massive gas deal in southern Iraq, the oil giant had its contract signed for a $17bn flared gas deal.
Three days later, the US-based energy firm Emerson submitted a bid for a contract to operate at Iraq's giant Zubair oil field, which reportedly holds some eight million barrels of oil.
...
"Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq's oil market," oil industry analyst Antonia Juhasz told Al Jazeera. "But thanks to the invasion and occupation, the companies are now back inside Iraq and producing oil there for the first time since being forced out of the country in 1973."
"The last thing the US cares about in the Middle East is democracy. It is about oil, full stop."
...
Dr Zalloum added that he believes western oil companies have successfully acquired the lions' share of Iraq's oil, "but they gave a little piece of the cake for China and some of the other countries and companies to keep them silent".
....
http://www.aljazeera.com/indepth/features/2011/12/2011122813134071641.html
2.) Where do you think Keystone XL oil is going?
