Stephan: As the previous story pointed out the deaths of thousands of Americans and some far large but never accurately counted number of Iraqis, and the wounding and maiming of hundreds of thousands of Americans and Iraqis produced no benefits for either country and great damage to both. Even on the terms the neocons argued for the war: it would protect Iraq's massive oil supplies for the U.S. (read the neocons' corporate masters) turns out to be wrong, as this story makes clear. Everything the Bush Administration based its policy decisions on was wrong, and China is the main beneficiary.
BAGHDAD – 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,
