Since the Iraq war began, they have become the world’s largest oil producers.
As we sit idly by, China is purchasing nearly half the oil resulting from the Iraqi oil boom – 1.5 million barrels a day. They now want Exxon Mobil’s stake and they will probably get it.
China is the biggest beneficiary of the war we fought. The lives and money lost is now China’s fortune.
“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.”
During the Iraq war, the left continually accused Bush of starting the war for their oil and, as a result, Bush made no effort to secure the oil, even to be paid back for our costs.
Full story at NY Times