WDEL Blog: Allan Loudell

Why a crude oil tanker sits off Texas -- in limbo

Over the years - on this blog - we've discussed how neo-conservatives got it wrong when they said Iraqi oil would end up paying for the Iraq war. In the end, the Chinese and others signed those lucrative oil deals.

But, the following story - from The WASHINGTON POST - beautifully underscores the intrigue and complexity to bringing in Iraqi oil.

Case in point: A fully-loaded crude-oil tanker sits in the Gulf of Mexico off the Texas coast. It's not going anywhere, as the central government of Iraq and the Kurdish regional government battle over ownership. And of course the Obama Administration still publicly favors a united Iraq over the Kurdish separatists...



http://www.washingtonpost.com/business/economy/how-the-us-got-mixed-up-in-a-fight-over-kurdish-oil--with-a-unified-iraq-at-stake/2014/08/04/4a00a6e2-1900-11e4-9e3b-7f2f110c6265_story.html




Posted at 8:02am on August 5, 2014 by Allan Loudell

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Comments on this post:

mrpizza
Tue, Aug 5, 2014 8:01pm
Why do we need Iraqi oil sitting off the Texas coast? That makes no sense since Texas has plenty of oil and plenty of job openings to go along with it.


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