China is Iraq’s New Buddy–Writing off Iraq’s Debt and Getting Invited to Help Rebuild (And Don’t Forget–Their Oil Companies Are There, Not Ours)

~~By InsightAnalytical-GRL

As the U.S. tries  to pull out the last of our troops in Iraq, here’s the irony of all ironies.  From Gulf News:

China could scrap Iraq’s $8.5b debt

Baghdad seeks investments from Beijing

Baghdad : China may write off all of Iraq’s $8.5 billion (Dh31.2 billion) of debt accrued under the rule of Saddam Hussain, Iraqi finance minister Baqer Al Zubaidi said yesterday.

“The Chinese government expressed readiness to write off $8.5 billion of debts owed by Iraq,” Al Zubaidi said in a statement posted on the ministry’s website yesterday.

Iraq is keen to see China play even a bigger role in the reconstruction of the war-torn country, the country’s top envoy to Beijing told the China Daily in an interview last week.

“After 2003, China has supported us very much and reduced Iraqi debts by 80 per cent, which is greatly appreciated,” Iraqi Ambassador to China, Mohammad Sabir Esmail, told the paper, referring to a $6.8-billion debt cut announced by China last month.

Esmail also invited Chinese companies to invest and operate in the country.

“I call on all Chinese companies to come and take up projects in rebuilding Iraq,” he told China Daily.

“China has many giant companies qualified to participate in rebuilding Iraq and… our country will remain a big workshop in the next 20 years,” he said.

Some Chinese firms, mainly in the energy and retail sectors, are already operating in Iraq.

These companies include oil giants such as PetroChina, Sinochem, CNOOC and Sinopec subsidiary Addax Petroleum.

MORE

Well, how about them apples?  All that killing of civilians, torture, multiple tours of duty, brain-traumatized U.S. soldiers returning home…and the Chinese are strolling into Iraq?

This comes on the heels of U.S. companies being shut out of oil contracts in December 2009:

U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

By Vivienne Walt Saturday, Dec. 19, 2009

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country’s giant oil reserves will be left scratching their heads by the results of last weekend’s auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction

MORE

So, it looks like Iraq has a budding friendship with China which continues to grab commodities with its masterful use of “soft diplomacy” (already doing the same thing in Africa) and now has a nice firm foothold right in the center of the action in the Middle East.

So, after seven years of mayhem and the draining of our national treasury, that’s the result.

Good work, Bush, Cheney, Rummy and Condi.

Condi is now regretting that the U.S. didn’t work more closely to rebuild Iraq after the overthrow of Saddam, but states that she’d still “liberate” the Iraqis and that George W. will be vindicated for his actions in the future.

More irony: she made her comments during a talk on “The Future of Asia” at the Chinese University of Hong Kong…

Sublime…

Iraqi Oil Contract Bidding: BBC vs. NPR Reporting

~~By InsightAnalytical-GRL

Here’s a little nugget for you regarding the bidding on Iraqi oil fields…the ones that the U.S. was supposed to clean up on after the “liberation” of Iraq.

It’s also a tale of the miserable news reporting we have here, including the “superior” NPR Radio.

I woke up and listened to the BBC World Service yesterday as usual and heard a brief report about bidding for Iraqi oil contracts.  The report included the facts that bidders weren’t exactly running to invest in Iraq.

From the BBC:

Oil companies reject Iraq’s terms

Only one of the bidders for the eight contracts to run oil and gas fields in Iraq has accepted oil ministry terms.

Six oil fields and two gas fields were available in a televised auction that was the first big oil tender in Iraq since the invasion of 2003.

BP and China’s CNPC agreed to run the 17 billion barrel Rumaila field after Exxon Mobil turned it down.

Iraq has asked the rest of the companies to consider resubmitting bids for the other seven contracts.

The oil ministry is offering 20-year service contracts.

Other fields have failed to find buyers, either because there were no bidders or because terms were declined.

Thirty-two oil companies had been approved as potential bidders.

MORE

The terms, of course, are detailed in the story, but suffice to say that the amount of payment is one of the key issues.  Another twist is that these are not “production-sharing” deals, but “service contracts” being offered because the Iraqi parliament hasn’t passed an oil bill yet and this sort of contract makes it easier to start the process at this point.  Under service contracts, a fixed fee will be paid for oil produced instead of having a proportion of the oil awarded to a company under a production-sharing contract.

So, things aren’t proceeding that quickly on the oil production front.

However, I caught a report on NPR which didn’t provide that information. Instead, the report simply mentioned that Iraqi oil bidding had started.

If you look at the story on the NPR site, you’ll see a fuller report, with the emphasis on being a lot more “touchy-feely.”

Foreign Companies Bid On Iraqi Oil Licenses

Morning Edition, June 30, 2009 · Foreign companies could soon be pumping Iraqi oil for the first time in nearly 40 years.

On Tuesday, the government of Iraq opened bids from oil companies interested in helping the country realize its oil production potential.

The oil companies are so eager for a crack at Iraq’s vast oil wealth that they are willing to overlook some big negatives: It’s a country still at war. There’s a lot of political opposition to foreign oil companies. There’s no guarantee the contracts awarded at this auction will even be honored. And yet, more than 30 companies submitted bids.

Big Oil has not had an opportunity like this for decades.

A bit later in the story, we do get some reality:

When Saddam Hussein kicked the foreign oil companies out of Iraq in 1972, many Iraqis supported the move, and there is still strong opposition to any sharing of the country’s oil wealth with foreign companies. The withdrawal of U.S. combat troops from Iraqi cities and towns this week has only reinforced Iraqi nationalism. In the coming weeks or months, Iraqi parliamentarians may even move to overturn oil contracts awarded through Tuesday’s auction.

But there’s hope:

The opening round produced only one deal. The Iraqi offers generally fell short of the oil company bids, and additional bargaining seemed likely.

Such deals won’t necessarily be highly profitable for the oil companies. In the next phase of the competition, however, the Iraqi government is expected to open fields that have not yet been explored or developed. The companies that win the right to search for oil might then be able to take a share of what they find. It’s that competition — not this one — that would mean big money for the companies.

“This is just everybody kind of wanting to get their foot in the door for the bigger prizes that will be here in a year or two,” says Stratfor’s Zeihan. No one wants to be left out.

“What makes Iraq special,” says Diwan, “is [that] there is room for all the big oil companies at the same time, and for all them to have sizable projects. Everybody will get something fairly large.”

All this may be very true, but if you only caught the brief headline story that I heard on the radio later in the day, you wouldn’t have a clue about the first day of bidding.

The question is, of course, why a news brief on the BBC can include fact that there was a difficult first day of bidding, while the NPR brief omits this information.

That’s a silly question, of course, because we all know that Americans are not allowed to get news, just spin and and obsfucation.

Parts 1 & 2–The Lineup: A Who’s Who of The Associates of Barack Obama

~~By Grail Guardian

Editor’s Note: Part 1 of “The Lineup” has been added to this post to make the information it contains easily available.–See the Part 1 for the comments to the original posting.–GRL

After Part 1 of this article was published, we received several requests/suggestions for more individuals to be included in the hit parade. As with Part 1, please circulate it to friends, family, co-workers, casual acquaintances, or anyone who needs to be educated about the truth the MSM has kept buried. And per a special request from reader Song, I would like to challenge each and every one of you to ask 10 people to vote against Barack Obama on November 4^th.

The Lineup: Part 2

Alexi Giannoulis: Became Illinois State Treasurer after Barack Obama vouched for him. He has been described as a “man who has long been dogged by charges that the bank his family owns helped finance a Chicago crime figure”. Giannoulis “pledged to raise $100,000 for the senator’s Oval Office bid,” Charles Hurt reported September 5, 2007, in the New York Post. Lynn Sweet of the Chicago Sun-Times reported, “Before he promised to raise funds for Obama, Giannoulias bankrolled Michael ‘Jaws’ Giorango, a Chicagoan twice convicted of bookmaking and promoting prostitution.

“Giannoulias is so tainted by reputed mob links that several top Illinois Dems, including the state’s speaker of the House and party chairman, refused to endorse him even after he won the Democratic nomination with Obama’s help.” States Congresspedia

Jim Johnson: Former Fannie Mae Chair that was hired to vet Vice Presidential candidates for the Obama Campaign. Johnson allegedly received $7 million from Countrywide Mortgage, one of the biggest players in the sub-prime mortgage fiasco. He received below market mortgage rates form the lender that Obama railed against personally:

“This is a company that is as responsible as any firm in the country for the housing crisis we’re facing today. When Countrywide Financial was sold a few months ago, its top two executives got a combined $19 million. These are the folks who are responsible for infecting the economy and helping to create a home foreclosure crisis….They get a $19 million bonus while people are at risk of losing their home. What’s wrong with this picture?”

Emil Jones: President of the Illinois Senate and Obama’s political mentor. When in the State Senate, all of Obama’s accomplishments were in his 7th year. Jones was discovered to have handed Obama all these bills after being worked on by other legislators. Jones is credited with the statement “I’m gonna make me a U.S. Senator.” When asked who that might be, Jones replied “Barack Obama”.

David Axelrod: Chicago political consultant and Chief Strategist and Media Advisor to Obama, Axelrod has worked on the campaigns of John Edwards, Deval Patrick, and Eliot Spitzer. He also owns ASK Public Strategies, a firm credited with mastering the tactic of “Astroturfing” or organizing a political effort and making it look like a grassroots effort. Wikipedia describes it as follows: “Astroturfing may be undertaken by an individual pushing a personal agenda or highly organized professional groups with financial backing from large corporations, non-profits, or activist organizations. Very often the efforts are conducted by political consultants who also specialize in opposition research.”

Tom Daschle: Former Democratic Senate Majority and Minority leader who was voted out of office by South Dakotans despite his presitgious position. Daschle is now a nationa Co-Chair for the Obama campaign. According to Wikipedia: “On February 13, 2006, Daschle became one of two Democrats (with Rep. Jane Harman of California) to endorse a warrantless domestic surveillance program conducted under the authority of President George W. Bush by the National Security Agency (NSA).”

Percy Sutton: This 87-year-old icon of the Civil Rights Movement recently recounted a story where he claimed he was asked to write a recommendation for Barack Obama to enter Harvard. Sutton’s quote follows:

“I was introduced to him by a friend who was raising money for him and the friend’s name was Dr Khalid al Mansour from Texas. He is the principle adviser to one of the world’s richest men. He told me about Obama. He wrote to me about him and his introduction was ‘there is a young man that has applied to Harvard and I know that you have a few friends left there because you used to go up there to speak, would you please write a letter in support of him?’ That’s before Obama decided to run. And he interjected the advice that Obama had passed the requirements, had taken, and passed, the requirements necessary to get into Harvard and become President of the Law Review. That’s before he ever ran for anything. I wrote a letter in support of him to my friends at Harvard saying to them I thought there was a genius that was going to be available and I surely hoped they would treat him kindly.”

Khalid al Mansour/Donald Warden: The mysterious man Percy Sutton referred to in his interview is somewhat difficult to identify (a very common name in several countries). The al Mansour that is also known as Donald Warden has ties to both the radical Black Panthers and has served on the board of a bank in Nigeria that may have connections to money raised for Barack Obama. For more detail, I recommend the following 2 articles, and bear in mind again the caveat “follow the money”: (photo not readily available)

More at Texas Darlin’s blog:

Dr. Khalid Abdullah Tariq al Mansour

Khalid al Mansour/Donald Warden: Obama Money Man in Nigeria?

The ACORN connection:

While not all directly associated with Barack Obama, these people formed the basis of his political philosophy and influenced him heavily, sometimes via theory, often via a strong organizational connection. Understanding who they are leads to a better understanding of the 2008 Presidential election.

Saul Alinsky: Writing a brief overview of Alinsky is nearly impossible; so I strongly urge you do look into the varied sides of this man further. That being said, Alinsky was a radical and community organizer (sound familiar?) who started the movement that grew into the SDS and ACORN (among other groups). Perhaps his own words explain his ideas best:

“Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1989 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one. (Courtesy Discover the Networks.org)

Alinsky served as mentor to many (including Hillary Clinton, who is said to have studied him and then continued on her political career, and Barack Obama, who still uses his techniques on a daily basis in this election), and put the fear of God into just as many (he one traveled to Oakland, CA and the local politicos were so shaken that they actually passed a resolution to ban him from the city). His talent was for organizing the poor into powerful political forces that can combat government and replace it with Socialism. Barack Obama is said to have taken Alinsky training when he began his Community Organizer career in Chicago. To understand Saul Alinsky and his followers is to gain much insight into Obama.

Richard Andrew Cloward and Frances Fox Piven: Columbia University radicals and creators of the so-called “Cloward-Piven strategy,” which called for swamping the welfare rolls with new applicants, beyond what the system could bear. The idea was that the resulting economic collapse would lead to political turmoil and ultimately socialism. This concept was used effectively in New York City, and was cited as one of the causes of the city’s financial collapse as welfare rolls jumped from 150,000 to over a million in just 10 years.

(Photo not readily available)

Wade Rathke: The founder and chief organizer of ACORN (Association of Community Organizations for Reform Now), a group Obama has worked for and represented in lawsuits, and Service Employees International Union (SEIU). Rathke’s brother Dale was reported to have embezzled over $940,000 from ACORN and it’s affiliates, which Wade did not report to the full board and kept hidden for 8 years. ACORN is under investigation for voter registration fraud in 18 states, and past employees have admitted to simply making up names of supposed voters. Many consider ACORN to be a leftist extremist organization using the principles of Saul Alinsky and Cloward & Piven.

George Wiley: Mentor of Wade Rathke, founder and leader of the radical ACORN, best know for his use of the Cloward & Piven strategy. Wiley is known as the Founder of the National Welfare Reform Organization, and as a pioneer of the radical “franchise” concept, now used by ACORN and other groups, which helps local activists quickly build local outlets of national activist organizations by using church groups and other pre-existing community groups.

Carl Davidson: Former President of Students for a Democratic Society (SDS) with Bill Ayers and Bernadine Dorhn (a precursor to the Weather Underground), Davidson is credited with organizing the 2002 Anti-War rally where Obama gave his infamous speech against the Iraq war. Davidson is a self-styled “progressive for Obama” according to his blog http://carldavidson.blogspot.com/

Claire McCaskill: This Missouri Senator has supported Obama since her children shamed her into it in the beginning of 2008. McCaskill has been a vocal supporter, and her name was bandied about as a potential VP pick by Obama. She has been accused by ACORN workers in MO of using the organization to bring out new voters to support her instead of registering new voters or getting them to support a minimum wage bill as they were hired to do. The workers were all fired from ACORN after refusing to campaign for McCaskill.

Herbert and Marion Sandler: A New York lawyer and Wall Street analyst that sold Golden West Financial (GDW), one of the largest savings and loans in the nation to Wachovia Bank just before their portfolio dragged the S & L under. Wachovia failed in the recent Wall Street crisis as a result of the high number of sub-prime mortgages it acquired in its $24 billion purchase of GDW. The Sandlers personally made billions (yes, that’s with a B), and went on to fund organizations like ACORN and the International Crisis Group, the staff of which is said to form the basis of the future State Department of an Obama Administration.

Peter Lewis: Chairman of Progressive Insurance who along with George Soros gave $23 million to Moveon.org, and formed a group called The Democracy Alliance, both strong ACORN supporters. In 2004 he was one of the top donors to 527 groups promoting a far left agenda. Lewis describes himself as “half screwball, half businessman” and once showed up to a City Council meeting wearing a Lone Ranger outfit.

For a look at ACORN on video, see Uppity Woman’s post from 9/30/2008 “Video:Barack Obama and ‘Let’s Take Over The World” Acorn .'”

***************

Part 1–A Who’s Who of The Associates of Barack Obama

~~By Grail Guardian

For months now, we’ve been reading and hearing from the Obama campaign that it’s not experience that matters for Barack Obama (whose paper-thin resume includes being a Community Organizer, Chair of the failed Chicago Annenberg Challenge, and running for public office), but rather the excellent judgment that he displays. In light of the continued media frenzy favoring Obama and shielding him from public scrutiny, I decided that it would be timely to revisit that judgment in the form of the people Obama associates with professionally and personally (both past and present). I personally have been able to find few people that are close to the Illinois Senator that I would want anywhere near the Oval Office, but I’ll let you be the judge. I intend this article to be part of a much needed grassroots effort to educate those that only get their news from the Main Stream Media or do not follow politics closely, so feel free to link it, print it, e-mail it, or do whatever you need to do to get the word out (giving proper credit and/or links to Insight Analytical and myself is always appreciated). You can consider it an Obama 101 Picture Book Primer and a serious attempt to save this great nation.

Part 1–THE LINEUP: A Who’s Who of The Associates of Barack Obama

~~By Grail Guardian

EDITOR’S NOTE: Part I has been combined in a double post with the follow-up with more Obama connections in Part 2 HERE.

For months now, we’ve been reading and hearing from the Obama campaign that it’s not experience that matters for Barack Obama (whose paper-thin resume includes being a Community Organizer, Chair of the failed Chicago Annenberg Challenge, and running for public office), but rather the excellent judgment that he displays. In light of the continued media frenzy favoring Obama and shielding him from public scrutiny, I decided that it would be timely to revisit that judgment in the form of the people Obama associates with professionally and personally (both past and present). I personally have been able to find few people that are close to the Illinois Senator that I would want anywhere near the Oval Office, but I’ll let you be the judge. I intend this article to be part of a much needed grassroots effort to educate those that only get their news from the Main Stream Media or do not follow politics closely, so feel free to link it, print it, e-mail it, or do whatever you need to do to get the word out (giving proper credit and/or links to Insight Analytical and myself is always appreciated). You can consider it an Obama 101 Picture Book Primer and a serious attempt to save this great nation.