Tuesday, July 01, 2008

Oil: While Congress Connived: Iraq

It's too bad so many Americans have been conditioned by the powers of this country's media establishment into believing that oil is a filthy, diabolical substance — rather than the lifeblood of today's economy on which our national security and economic well-being depend. What the people of Iraq, through their free government, did this week is something both Iraqis and Americans can be proud of: Baghdad has invited foreign oil firms to bid on contracts to increase production in eight lagging oil fields...Baghdad is now able to begin to make full use of its oil reserves of as much as 112.5 billion barrels — after Saudi Arabia, the largest petroleum deposit in the world...But Iraq needs private companies...to rebuild its energy infrastructure...suffering under Saddam Hussein for so long....For prominent Democrats in Congress, however, Iraq's good fortune is no cause for happiness...Last week, Democratic Sens. Charles Schumer of New York, John Kerry of Massachusetts and Claire McCaskill of Missouri sent a letter to Secretary of State Condoleezza Rice calling on her to get the Iraqi government "to refrain from signing contracts with multinational oil companies" because Iraq "currently does not have in place a revenue sharing law" to divide the proceeds between the Sunnis, Shiites and Kurds....Let Iraq's Oil Flow, Editors, Investors Business Daily, 7/1/2008

You're not surprised, are you? With Harry Reid howling about how oil makes us sick, with the Senate and Congress blocking us from developing our own oil resources, with five years of demands that we accept "defeat with honor" from the same crew, could anyone be startled by a demand for preconditions to be met on the sale of another sovereign country's oil?

There is no outhouse pit deep enough to hold what comes out of the mouths of Barack Obama's allies in Congress.

Voters have a choice. Make one. Read the article in Investors Business Daily.


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