6/19/2008

Iraq, Oil and No-Bid Contracts

There is a report that four of the big oil companies in the U.S. have been awarded contracts to help develop Iraq's oil infrastructure. This is in addition to the negotiations on the Iraqi Status of Force agreement. Iraq claims to be sovereign. I wonder.

On another note, there is a rush now to start opening up ANWAR and the outer continental shelf. This is great rhetoric. The fact is that such action will not yield any substantive results in the short term. So, why start this now? The key is to begin to think beyond the "now". That's the key. Yet, all our efforts are being spent on somehow coming up with a magic solution to bring down the price of gas. It will not happen overnight. Our leaders want us to believe otherwise.

When will the politicans start telling us the way it is?
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