Tuesday, December 15, 2009

Iraq's oil auction hits the jackpot

By Pepe Escobar
Asia Times

"Russia and China were the big winners in the latest auction of Iraq's oil rights, as was the government of Prime Minister Nuri al-Maliki; United States companies were conspicuous by their absence. If the oil starts to flow as now promised, the next few years should see the rise of a relatively wealthy, Shi'ite-controlled Iraq, friendly with Iran and Lebanon's Hezbollah......

.... Essentially, Shi'ite Islam on the rise. The US-friendly autocracies and dictatorships in the Gulf will cry again, "It's the return of the Shi'ite crescent!" United States think-tanks may be tempted to define Maliki as the new Saddam. The only difference is that by then, Cheney and company will be safely ensconced in the dustbin of history. "

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