US Military Freed, Protects Iraqi Oil Fields for … the Communist Chinese (+video)
By Tim Arango and Clifford Krauss. Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.
China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.
“The Chinese are the biggest beneficiary of this post-Saddam oil boom in Iraq,” said Denise Natali, a Middle East expert at the National Defense University in Washington. “They need energy, and they want to get into the market.”
Before the invasion, Iraq’s oil industry was sputtering, largely walled off from world markets by international sanctions against the government of Saddam Hussein, so his overthrow always carried the promise of renewed access to the country’s immense reserves. Chinese state-owned companies seized the opportunity, pouring more than $2 billion a year and hundreds of workers into Iraq, and just as important, showing a willingness to play by the new Iraqi government’s rules and to accept lower profits to win contracts.
“We lost out,” said Michael Makovsky, a former Defense Department official in the Bush administration who worked on Iraq oil policy. “The Chinese had nothing to do with the war, but from an economic standpoint they are benefiting from it, and our Fifth Fleet and air forces are helping to assure their supply.” Read more from this story HERE.
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China’s Development a ‘Threat’ to Democracies
By Didi Kirsten Tatlow. When China’s Foreign Ministry spokesman, Hong Lei, told the United States late on Saturday that it should “correctly treat China’s development,” what did he mean?
The reprimand came after the U.S. State Department on Friday called on China to “fully account for those killed, detained or missing in the 1989 bloody military crackdown on protesters in Tiananmen Square,” The Associated Press reported. Mr. Hong also told the U.S. to “discard” its “political prejudice” toward China.
China often emphasizes that it seeks peaceful development. But the authors Heriberto Araújo and Juan Pablo Cardenal believe there is more to it.
In an opinion piece in The New York Times, they write that the state capitalist model behind China’s increasingly successful global push threatens the values of the established democracies. Read more from this story HERE.
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Trump: China Gets Iraq Oil; US Gets Nothing
By Courtney Coren. Donald Trump tore into President Barack Obama’s administration Monday for allowing China access to Iraqi oil while, he claimed, the United States gets “nothing” after it lost 4,500 troops in the war there.
“I’m not knocking China; I’m knocking our leadership,” the real estate millionaire said on Fox and Friends. “How can they allow this to happen? Read more from this story HERE.

