American troops begin withdrawal, multi-nationals begin divying up the oil


American troops are pulling out of Baghdad and the bigger cities as I write this, prompting dance parties from the people and the oil companies to begin bidding on 20-year contracts for Iraq’s potent oil reserves. 

“Baghdad’s river-front parklands, which have been reclaimed this year after being deserted during the height of the insurgency and sectarian war, were last night transformed into outdoor dance venues, where audiences of around 3,000 – almost all of them men – danced to the strains of a recently returned Iraqi singer, Salah Hassan, exiled in Dubai for the past five years.” 

Mission Accomplished, indeed!  Even if it took six-years and the deaths of 4,500 American troops.  We get grown men dancing in reclaimed parks and oil companies getting what they want. 

“The auction represented the first opportunity for major oil companies to return to Iraq since they were expelled in 1972 amid a regional move toward nationalization,” reports the Washington Post

“While eager to tap into Iraq’s fields, oil executives were apprehensive about injecting themselves into a country with volatile politics and an active insurgency. Another disincentive is Iraq’s failure to enact a hydrocarbons law.” BP and China National Petroleum Corp. were the only companies to scoop up an reserves as they sealed the deal for the Rumalia Oil field for $2.85 per barrel. 

It remains unknown if there is a Wal-Mart on every corner of Fallujah and other cities, yet, but probably in a year or two.  Right?

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