TV News LIES

Friday, Mar 06th

Last update01:57:52 AM GMT

You are here News Energy Iraqi oil: Once seen as U.S. boon, now it’s mostly China’s

Iraqi oil: Once seen as U.S. boon, now it’s mostly China’s

E-mail Print PDF

Iraqi oilTen years after the United States invaded and occupied Iraq, the country’s oil industry is poised to boom and make the troubled nation the No.2 oil exporter in the world. But the nation that’s moving to take advantage of Iraq’s riches isn’t the United States. It’s China.

America, with its own homegrown energy bonanza, isn’t going after the petroleum that lies beneath Iraq’s sands nearly as aggressively as is China, a country hungry to fuel its rise as an economic power.

Iraq remains highly unstable in terms of security, infrastructure and politics. Chinese state-owned oil companies appear more willing to put up with that than Americans are.

“The Chinese have a higher tolerance for risk,” said Gal Luft, a co-director of the Institute for the Analysis of Global Security, a Washington research center focused on energy.

TVNL Comment:  An illegal and immoral invasion. No stable democracy.  No oil.  Hundreds of thousands dead.  Ten years of death and detruction.  And almost forgotten....

More...


Most Recent Related Stories...


North Dakota oil boom deflating

North Dakota oil boom deflatingLow oil prices haven't yet dimmed confidence in North Dakota, though there may be concerns lingering...

Japan now has more car charging points than gas stations

Japanese charging pointsNissan Motor Co. has reported that Japan now has more places to charge electric vehicles than...

Explosion at Exxon Mobil refinery in Torrance, California, injures four

Exxon explosionAn explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in...

Researchers turn solar energy into liquid fuel

Solar energy to liquid fuelA small number of vehicles on U.S. roads are already indirectly powered by the sun. Ostensibly,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!