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sonnyblarney | 6 years ago
No, I'm not kidding. The oil in Iraq is 100% under their control. America derives no wealth from Iraqi Oil.
If you want to learn something about it, read up [1]
Of course, some of it is independently controlled by Kurds, and some of it in hostile areas, but it has nothing to do with America.
Will they be rich like Saudis? No, because there isn't quite enough of it, it's in 'hot zones', they still have geopolitical instability making the system totally inefficient.
But again: it's Iraqi oil - not something 'stolen by America'.
Most of the Oil in Iraq is extracted by foreign companies, as I mentioned, a lot of it is extracted by local irregular entities - and the beneficiaries on the other side of the equation, i.e. the 'buyers' of the Oil is
>>> "Why is Saudi a saint"
Who said Saudi Arabia was a saint?
Basically - nobody is saying that.
Saudi Arabia makes headlines daily for their abuses. The US/UK/Canadian (and others) are under a lot of pressure as we speak to limit military sales.
What separates 'China' from 'Saudi Arabia' is the fact that one represents an existential concern, outside their borders, one does not.
China wants to rule that side of the world.
The 'House of Saud' is content to have it's little fiefdom. Of course, the Wahabbis are exporting an ideology, and money flows from Saudi into some not-so-good things, but that's not the House of Saud.
Osama Bin Laden's primary objective was to overthrow the Saudi gov. - the 'destroy America' thing comes much later.
The Saudi Arabian government a) actively works with other powers to track down terrorists b) has a de-facto kind of peace with Israel c) ensures that their Oil flows freely into global markets d) is not trying to overthrow Iran e) is not trying to steal industry and IP f) is not trying to build an army/navy to cause a lot of trouble far beyond their borders. (And Yemen FYI is on their border, it's a spillover problem)
Saudi Arabia is a 'decent state actor' with a lot of internal social problems we don't like.
China has become a hostile economic entity, and is becoming more so a military adversary with concerns about it's borders.
[1] https://en.wikipedia.org/wiki/Petroleum_industry_in_Iraq
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