Mission Accomplished: China Gets Half of Iraq’s Oil.

“You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. The story of how China is buying almost half of Iraq’s oil has not gotten much attention. It does not seem to be consistent with President Bush’s war aims. But that’s how the fortune cookie crumbles. The war cost the Chinese government nothing. It is now using its newly printed counterfeit money to buy the oil that it could not legally buy under the Clinton Administration’s oil export restrictions on Iraq.”

http://teapartyeconomist.com/2013/06/04/mission-accomploished-china-gets-half-of-iraqs-oil/

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